OCHN: Foreclosure 101: non-judicial foreclosure

Judicial or Non-Judicial Foreclosure
Foreclosure proceedings in most states are either Judicial or Non-Judicial at lender’s discretion. Unlike mortgages, Trust Deeds give the lender the Power of Sale at public auction if the borrower fails to repay the debt. With a Trust Deed, a lender can e...
Foreclosure 101: non-judicial foreclosure