In a judicial foreclosure,a court supervises the process.

Question

Quizplus · Accepted Answer

In a judicial foreclosure, a court oversees the foreclosure process and makes sure that it is conducted in accordance with state law and the mortgage contract. This process is also known as a foreclosure by judicial sale, and it is available in states where foreclosures must go through the court system. Contrastingly, non-judicial foreclosures do not involve court supervision and are available in states that allow lenders to foreclose without going to court.

In a Judicial Foreclosure,a Court Supervises the Process