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Glossary of Foreclosure Terms

Get to know the terms associated with foreclosure.

Glossary of Foreclosure Terms
Meredith Arthur
Written by|February 13, 2018

Bank-Owned Property

Complaint

Declaration of Default

Deed in Lieu

Deed of Trust

Deed of Trust States

Defendant

Deficiency Judgment

Foreclosure

Foreclosure Auction

Full Reconveyance

Judgment of Foreclosure Sale

Judicial Foreclosure

Junior Lien

Lien

Lis Pendens (LIS)

Mortgage

Mortgage States

Mortgage Acceleration

Non-judicial Foreclosure

Notice of Default (NOD)

Notice of Pendency

Notice of Rescission

Notice of Foreclosure Sale (NFS)

Notice of Trustee's Sale (NTS)

Plaintiff

Power of Sale Clause

Pre-foreclosure

Publication

Publication Letter

Real Estate Owned (REO)

Referee

Referee's Deed

Reinstatement Period

Right of Redemption

Service of Process

Short Sale

Summons

Title Search

Trustee

NOTE: This content is not, nor is it intended to be, legal advice and should not be relied on in lieu of consultation with an attorney. You should consult an attorney and/or a foreclosure specialist for individual advice regarding your own situation. The content may include links to other sites owned and operated by third parties. Zillow is not responsible for the content on such third party sites and does not necessarily sponsor, endorse or otherwise approve of the materials appearing on the sites.

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