Deed under power of sale

What is Deed under power of sale?

A reference variation to a deed of trust in a title theory state in which foreclosure occurs through power of sale. It is a clause written into a mortgage note which gives the mortgagee the ability to sell the home if it becomes default. Power of sale gives the lender the right to seek a foreclosure on a property.

FREE Listing Alerts

Sign up today - it's FREE

Foreclosure Deals

Privacy Policy   |   Terms and Conditions of Service   |   © / ForeclosureFreeSearch, Inc 1999-2021. All Rights Reserved.