Legal Question in Real Estate Law in California
forecloser
could you tell me what is foreloser is and how the process works.thank you for your help.
Asked on 4/03/08, 1:26 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: forecloser
A foreclosure is a procedure to collect a debt through exercising rights against collateral. There are non-judicial foreclosures when the security instrument provides for a power of sale, and judicial foreclosures. Whole books are written on the subject.
Answered on 4/03/08, 2:22 pm