Escrow & Title
In Idaho, a judicial foreclosure differs from a non-judicial foreclosure in that:
AJudicial foreclosure is faster and less expensive
BJudicial foreclosure requires a court proceeding and court order✓ Correct
COnly judicial foreclosure allows the lender to pursue a deficiency judgment
DNon-judicial foreclosure always results in a higher sale price
Explanation
A judicial foreclosure involves court proceedings — the lender files a lawsuit and obtains a court order to sell the property. Non-judicial foreclosure (foreclosure by advertisement or trustee's sale) proceeds without court involvement, following procedures specified by law.
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