Is nonjudicial foreclosure an alternative to judicial foreclosure?
California, United States of America
The following excerpt is from Crossroads Investors, L.P. v. Fed. Nat'l Mortg. Ass'n, 201 Cal.Rptr.3d 84, 246 Cal.App.4th 529 (Cal. App. 2016):
statute, ... a nonjudicial foreclosure is a private, contractual proceeding, rather than an official, governmental proceeding or action. [Citations.]" (Garretson v. Post (2007) 156 Cal.App.4th 1508, 1520, 68 Cal.Rptr.3d 230.) "Nonjudicial foreclosure merely provides a nonjudicial, private alternative to judicial foreclosure." (Id . at p. 1521, 68 Cal.Rptr.3d 230.)
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