Judicial Foreclosure, also known as Judicial Sale, is a court-supervised process where a defaulted debtor's property is sold, typically to repay a mortgage lender after a borrower fails to meet their payment obligations.
A Power of Sale is a clause included in mortgages or deeds of trust that grants the lender (or trustee) the authority to sell the property in the event of certain defaults, typically without court intervention.
A tax sale is the sale of a property after the owner has failed to pay property taxes for an extended period. The grantee of such a sale receives a tax deed.
