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Whats the difference between Judicial and Non-Judicial Foreclosure?

April 26, 2017difference foreclosure judicial non-judicial

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Whats the difference between Judicial and Non-Judicial Foreclosure?

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A non-judicial foreclosure, is a process by which a creditor can begin the foreclosure process against real estate without having to seek court intervention. This is usually the case in California. Unlike a judicial foreclosure, the foreclosing party to a non-judicial foreclosure is limited to recovery of the property only. Usually, he or she does not have a right to a deficiency judgment.