Foreclosure
Judicial Foreclosure
A concise definition for the California Real Estate Exam study guide.
Definition
Foreclosure through the courts. Available for mortgages and deeds of trust. Slower process but may preserve the lender's right to a deficiency judgment in some circumstances.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 10: Foreclosure & Distressed Property →