Foreclosure Processes and Sale Methods

Foreclosure process terms used to distinguish judicial, non-judicial, trustee-sale, and tax-foreclosure paths.

These pages group related mortgage and real estate finance terms for readers comparing loan structures, underwriting categories, foreclosure rights, escrow controls, property yields, and secondary-market metrics. The subsection keeps navigation focused while leaving article-level explanations in the child pages.

In this section

• Foreclosure
  Legal enforcement process that lets a mortgage lender recover a defaulted home loan by taking and selling the collateral property.
• Judicial Foreclosure
  Foreclosure path that requires court supervision before the lender can complete the sale of a defaulted mortgaged property.
• Non-Judicial Foreclosure
  Foreclosure path that lets a lender or trustee sell mortgaged property without a full court case when the loan documents permit it.
• Tax Foreclosure: Process of Enforcing a Lien Against Property for Nonpayment of Delinquent Property Taxes
  Tax foreclosure is the legal process by which a taxing authority enforces a lien against property for the nonpayment of delinquent property taxes. This ensures the government recovers owed taxes, superior to other liens.
• Trustee Sale
  Public foreclosure sale conducted by a trustee under a deed of trust after required default and notice steps have been completed.