Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
judicial foreclosure
A costly and time-consuming foreclosure method by which the mortgaged property is sold through a court proceeding requiring many standard legal steps such as the filing of a complaint, service of process, notice, and a hearing. ( Judicial foreclosure is available in all jurisdictions and is the exclusive or most common method of foreclosure in at least 20 states.
nonjudicial foreclosure
See FORECLOSURE.