judicial foreclosure

基本解釋

This type of property foreclosure is commonly referred to as "statutory" or "non-judicial" foreclosure.
這種財產(chǎn)贖是普遍被稱為“法定”或“非司法”贖。
But in Florida, New York and 19 other states, judicial foreclosure is the rule, which slows the process substantially.
但是在佛羅里達州、紐約州以及其他19個州，貸款人都需要經(jīng)過法庭審判程序取消借貸人的房屋贖回權(quán)，這個規(guī)矩大大減緩了貸款人收回違約借貸人的抵押房產(chǎn)的進程。

That comes at a cost, Aequitas notes — as would requiring every mortgage to allow only judicial foreclosure.
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Not surprisingly many of tehse states use judicial foreclosure, meaning the foreclosure process must circulate through the court system.
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Judicial foreclosure states have experienced prolonged foreclosure activity in response, with foreclosures in states like New York, New Jersey and Florida averaging a staggering 1, 049 days, 1, 002 days and 893 days accordingly.
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