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nonjudicial foreclosure

non·ju·di·cial fore·clo·sure [ nòn joo dìsh'l fawr klṓzhər ] (plural non·ju·di·cial fore·clo·sures)


noun 
Definition:
 
out-of-court foreclosure authority: the power of a creditor to sell a debtor's property to recover a debt such as an unpaid property loan without having to go to court

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