How to forclose on vacant land?

Real Estate 2 views 1 answers
How would I go about forclosing on a vacant piece of property?

Attorney Answer

1
Marc Mccain ·
assuming you are a beneficiary under a deed of trust, you have the option to foreclose judicially (by filing a lawsuit instituting the foreclosure) or non-judicially (by doing a trustee's sale). assuming you are a mortgagee under a mortgage, you can only foreeclose judicially. Most secured parties choose non-judicial foreclosure because it is quicker and easier and less expensive.
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