Non-Judicial Foreclosure

Taking your property without judicial means. Its not lawful. Some states have them written up into their legislation.

Some jurisdictions allow lenders to foreclose property without getting a court order first. This is called a non-judicial foreclosure.

Non-judicial foreclosure is only available for deeds of trust with power-of-sale clauses. They are not available for traditional mortgages.

Where available, non-judicial foreclosures are heavily regulated. Generally, before foreclosing, lenders must give special notice to the property-owner. Afterwards, lenders must wait a specified time before auctioning off the property.