Judicial Sale

A judicial sale is a sale of property, typically real estate, that is ordered and overseen by a court as part of a legal proceeding. This type of sale usually occurs when the property is being foreclosed, or when the court is resolving disputes among co-owners, creditors, or in cases of bankruptcy. The sale is conducted under the authority of the court, and the proceeds from the sale are used to satisfy debts, liens, or other claims against the property. Judicial sales are often conducted through public auctions, and the court supervises the process to ensure fairness and compliance with legal requirements.