judicial foreclosure

基本解释

This type of property foreclosure is commonly referred to as "statutory" or "non-judicial" foreclosure.
这种财产赎是普遍被称为“法定”或“非司法”赎。
But in Florida, New York and 19 other states, judicial foreclosure is the rule, which slows the process substantially.
但是在佛罗里达州、纽约州以及其他19个州，贷款人都需要经过法庭审判程序取消借贷人的房屋赎回权，这个规矩大大减缓了贷款人收回违约借贷人的抵押房产的进程。

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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