a judgment by a court in favor of foreclosure of a mortgage or deed of trust, which
orders that the real property which secured the debt be sold under foreclosure proceedings
to pay the debt. The party suing probably has chosen to seek a judicial foreclosure
rather than use the foreclosure provisions of the mortgage or deed of trust. Usually
this move is made to get a "deficiency judgment" for any amount still owed after
the foreclosure sale. In many states (such as California) a foreclosure on the deed
of trust limits the recovery to the amount of sale proceeds (sales price minus other
debts), so a lawsuit for judicial foreclosure may help the party recover the total
money owed to him/her if it was secured by the debtor's real property.
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