Non-Judicial Foreclosure is a foreclosure process that does not require court approval and is more prevalent in Title-Theory States. This entry covers its definition, processes, types, applicability, and related terms.
Title theory is a modern version of the common law mortgage where the creditor holds the legal right to possess the property, although the debtor usually remains in possession.
An in-depth exploration of Title-Theory State, a legal framework where the law splits the title to mortgaged property into legal and equitable titles.
