Power of Sale Process in Ontario Overview Definition of POWER OF SALE: In the law of corporations. The right or capacity to act or be acted upon in a par- ticular manner or in respect to a particular subject; as, the power to The Law Dictionary Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

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Power of Sale. A clause commonly inserted in a mortgage and deed of trust that grants the creditor or trustee the right and authority, upon default in the payment of the debt, to advertise and sell the property at public auction, without resorting to a court for authorization to do so.

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Power of sale is a clause in a mortgage that gives the lender the right to foreclose on a property without judicial review if the borrower defaults.

In California, state law guides the definition and legal procedure for foreclosure. In California the foreclosure process depends on the power of sale contained in a "deed of trust," which is simply a…

power of sale Definition The clause included in a mortgage or deed of trust that provides the mortgagee (or trustee ) with the right and power to advertise and sell the property at …

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