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Nevada Foreclosure Laws and ProceduresNolo Form

Nevada Foreclosure Laws and ProceduresNolo Form

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[Music] hey everyone my name is paul vichesky and welcome to the real estate classroom youtube channel in this video we're going to discuss two concepts you have to know for your exam judicial foreclosure and non-judicial foreclosure we're going to discuss both and what the differences are things you need to know for your real estate exam coming up in this video so in this video we're going to discuss two concepts that uh basically you have to know judicial foreclosure in non-judicial foreclosure and i have your key terms that will be discussed in this video on your screen there what's the definition of each well a judicial foreclosure is a judicial process that requires the lender now the lender is the mortgagee to file suit in court in front of a judge to start the foreclosure process against the borrower who is the mortgagor now a non-judicial foreclosure allows a foreclosure to take place because of default of the borrower by what's called po

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