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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.
A judicial sale is a sale conducted under a court order, decree, or judgment by a court-appointed officer or fiduciary. The sale is restricted to specified real or personal property under specified conditions, must be purchased with money and confirmed by the court to be a final sale.
Jun 9, 2021 · 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.
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.
- History and Meaning of Judicial Sale
- Examples of Judicial Sale
- Legal Terms Similar to Judicial Sale
A judicial sale is a legal process used to sell property in order to pay off a debt or resolve a legal dispute. The sale is ordered by a court, typically in response to a lawsuit, and is overseen by an appointed official or an agent of the court. The proceeds from the sale are then used to pay off the outstanding debt or to fulfill the court's ruli...
A homeowner who falls behind on their mortgage payments may face a judicial sale of their property in order to satisfy the debt owed to the lender.In a divorce case, a judicial sale may be ordered to sell jointly owned property and divide the proceeds between the parties according to the court's ruling.An individual who fails to pay their taxes may have their property seized and sold through a judicial sale process in order to satisfy the outstanding debt.Foreclosure: A legal process used by mortgage lenders to seize and sell a property in order to satisfy a loan that is in default.Sheriff's Sale: A type of judicial sale where the court appoints a sheriff or other law enforcement official to oversee the sale of property.Execution Sale: A type of judicial sale where the court uses its legal authority to enforce a judgment against a debtor by selling their property to satisfy the debt.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.
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Judicial sale is a sale conducted under a judgment, order or supervision of a court. The sale may have been ordered under a petition for partition of real estate or an execution or the like. A judicial sale must be based upon an order or a decree of a court directing the sale.
