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LSDefine

Simple English definitions for legal terms

judicial mortgage

Read a random definition: Remittitur

A quick definition of judicial mortgage:

A judicial mortgage is a type of loan where a person borrows money and uses their property as security. If they don't pay back the loan, the lender can take possession of the property. It is called "judicial" because it is created by a legal judgment. This type of mortgage is common in civil law systems.

A more thorough explanation:

A judicial mortgage is a type of mortgage that is created by a recorded legal judgment. It is a lien against property that is granted to secure an obligation, such as a debt, and is extinguished upon payment or performance according to stipulated terms.

For example, if a person owes money to a creditor and fails to pay, the creditor can obtain a judgment against the person. The judgment can then be recorded as a judicial mortgage against the person's property, giving the creditor a security interest in the property. If the person pays the debt, the judicial mortgage will be released.

Another example is when a court orders a property to be sold to satisfy a debt owed by the owner. The court can record a judicial mortgage against the property to ensure that the debt is paid from the proceeds of the sale.

In summary, a judicial mortgage is a type of mortgage that is created by a legal judgment and is used to secure an obligation. It is an important tool for creditors to ensure that they are paid what they are owed.

judicial evidence | judicial oath

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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