Foreclosure Law Definitions

Power of Sale Clause

A "power of sale" clause is clause in a mortgage or deed of trust where the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event the homeowner defaults.  The lender or their representative, typically referred to as the trustee, may execute the power given to the lender to sell the property.  The trustee must record a notice of sale in the office of the recorder of the county where the property is located.  

Back to foreclosure law definitions

Disclaimer

Back to the foreclosure laws for all states

We can help you Sell Your Home to Avoid Foreclosure.

All you have to do is fill out this simple online form for a quick response.

a representative will contact you about how we can help you stop foreclosure today.