POWER-OF-SALE CLAUSE

By SovConn | July 17, 2014

power-of-sale clause. A provision in a mortgage or deed of trust permitting the mortgagee or trustee to sell the property without court authority if the payments are not made. [Cases: Mortgages 21. C.J.S. Mortgages ยง 4.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions