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.
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