Category : Financial & Legal Services Posted : 04/12/2015 Price : Check with seller Location : Boston(Massachusetts)
Stay informed about the ways of preventing Springfield foreclosure. Judicial foreclosure in Springfield is the type of foreclosure entails filing a lawsuit so as to acquire a court order that will enable the lender to foreclose on the borrower and obtain the outstanding balance owed to him/her. It is applied where the power of sale clause on the mortgage or on a deed of trust does not exist. Once the court awards a go ahead on the foreclosure, the home will be auctioned and sold to the highest bidder.