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URL:https://www.learndesk.us/class/4960291886465024/lesson/8bc8ea0fb48fddc52cd60489c3a78061?ref=outlook-calendar
SUMMARY:Default and Foreclosure
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/8bc8ea0fb48fddc52cd60489c3a78061?ref=outlook-calendar
DESCRIPTION: Foreclosure 
Mortgage lien foreclosure: 
• Liquidation of collateral property by judicial, nonjudicial, or strict foreclosure
Judicial foreclosure:
• Lawsuit and court-ordered public sale; deficiency judgments, redemption rights
Non-judicial foreclosure: 
• "Power of sale" granted to the lender; no suit; no deficiency judgment; no redemption period after-sale
Strict foreclosure:
• Court orders legal transfer of title directly to the lender without a public sale
Deed in lieu of foreclosure: 
• Defaulted borrower deeds property to the lender to avoid foreclosure

https://www.learndesk.us/class/4960291886465024/lesson/8bc8ea0fb48fddc52cd60489c3a78061?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
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