What Options Are Available to Borrowers Who Are in Danger of Non-Judicial Foreclosure? If you are like many homeowners facing non-judicial foreclosure , you may be wondering what the difference is between this type of foreclosure and judicial foreclosure. After all, they are both forms of selling your home. However, there are some significant differences in the process and outcomes of each type of foreclosure. Knowing the difference can help you in choosing which option is best for you and your specific situation. A judicial foreclosure happens when a court orders a lender to sell and seize the property used as security for a loan. The word is most commonly associated with residential real estate, but it can also apply to mobile homes and other stuff that are used as collateral. Once the lender obtains possession of the property, it will usually have to turn over the deed to the borrower. The borrower can then get a new mortgage from a different lender or refinance the current mortga
