statutory foreclosure

statutory foreclosure

See judicial foreclosure.

References in periodicals archive ?
He also said that from a debtor's perspective, the case highlights the unfair nature of the non-judicial statutory foreclosure process in Massachusetts in which a borrower must file a motion for preliminary injunction, a supporting memorandum of law, and an underlying verifying complaint with exhibits seeking to "do the impossible" by "proving a negative" for example, proving there is no current right to foreclose on the borrower's statutory right of redemption.