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- judicial sale - A sale conducted under court order or supervision by a court-appointed official, often for the purpose of satisfying a judgment or executing a court order
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Jul 20, 2017 · In a judicial sale, the lender is the plaintiff, who wants a decision against the owner who is in foreclosure. The owner is the defendant. The Court of Queen’s Bench decides whether there will be a judicial sale.
Definition of "judicial sale". A sale conducted under court order or supervision by a court-appointed official, often for the purpose of satisfying a judgment or executing a court order. How to use "judicial sale" in a sentence.
May 16, 2024 · A judicial sale occurs when a court orders the auction or sale of a piece of real estate for a certain price. When the property is sold, the new owner takes over its title. Ordinarily, the proceeds from the sale go to pay off the balance on an outstanding debt, such as a mortgage, court judgment, or unpaid taxes.
- Charity Delich
A judicial sale refers to a situation when, after the monetary final judgment of a lawsuit is issued, the judgment creditor must collect the judgment debt from judgment debtor through the sale of some piece of property.
A judicial sale is a process where a court sells property to pay off debts. This usually happens when someone owes money and can't pay it back. The court steps in to sell the property, like a house or land, to help settle the debt.
A judicial sale is a method plaintiffs use to enforce a judgment. When a plaintiff wins a judgment against a defendant in civil court, and the defendant does not pay the judgment, the plaintiff can force the sale of the defendant's property until the judgment is satisfied.
Definition for judicial sale n. a sale of goods by an official (keeper, trustee or sheriff) appointed by the court and ordered by a court, usually to satisfy a judgment or implement another order of the court.
