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What is a Judicial Foreclosure?

A judicial foreclosure type of foreclosure that goes through the court system. The lender must file a lawsuit against the borrower and obtain a court order before they can sell the property. In the state of New Jersey, this is how foreclosures are done.

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Pink blossoms against a bright blue sky

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This is a court term that is used when an owner file a lawsuit against the borrower. We must know these terms when we deal in real estate. Professional Janitorial Cleaning Services in Granby CT

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