GLOSSARY OF FORECLOSURE TERMS

  • Bank-Owned Property

  • Complaint

  • Declaration of Default

  • Deed in Lieu

  • Deed of Trust

  • Deed of Trust States

  • Defendant

  • Deficiency Judgment

  • Foreclosure

  • Foreclosure Auction

  • Full Reconveyance

  • Judgment of Foreclosure Sale

  • Judicial Foreclosure

  • Junior Lien

  • Lien

  • Lis Pendens (LIS)

  • Mortgage

  • Mortgage States

  • Mortgage Acceleration

  • Non-judicial Foreclosure

  • Notice of Default (NOD)

  • Notice of Pendency

  • Notice of Rescission

  • Notice of Foreclosure Sale (NFS)

  • Notice of Trustee’s Sale (NTS)

  • Plaintiff

  • Power of Sale Clause

  • Pre-foreclosure

  • Publication

  • Publication Letter

  • Real Estate Owned (REO)

  • Referee

  • Referee’s Deed

  • Reinstatement Period

  • Right of Redemption

  • Service of Process

  • Short Sale

  • Summons

  • Title Search

  • Trustee

NOTE: This content is not, nor is it intended to be, legal advice and should not be relied on in lieu of consultation with an attorney. You should consult an attorney and/or a foreclosure specialist for individual advice regarding your own situation. The content may include links to other sites owned and operated by third parties. The Roman Lopez Real Estate Team is not responsible for the content on such third party sites and does not necessarily sponsor, endorse or otherwise approve of the materials appearing on the sites.