In a judicial sale, a junior lien holder is not extinguished by foreclosure of the

In a judicial sale, a junior lien holder is not extinguished by foreclosure of the property or asset.

Explanation:

Judicial Sale: When a court forces, authorizes or requires the sale of a property or assets in order to satisfy the debt for which it was pledged as collateral, a Judicial sale is said to have occurred.

Foreclosure: Many times, this is said to be the result of a judicial sale. When a judicial sale occurs it is mostly done to recover unpaid debts. When this happens in real estate, it is called foreclosure. Especially when the property was mortgaged and the mortgagee has stopped making payments.

Lien: In the above scenario, assuming a family or a person takes up a mortgage for a house, the legal document retails the original owners and probably the bank or the government (depending on who the realtor is) as part-owners until the debt is fully paid. When the loan is fully paid, then total rights are transferred to the mortgagee. In the above case, the bank and original owners of the property are considered Liens.

Junior lien: This is a statutory position that is created when a mortgagee uses the mortgaged property to secure another loan whilst the first loan is still in existence.

Under such a scenario, the person who secures the other loan is called a Junior lien holder.

Cheers

answer:

it doesnt make sense bro make more sense

explanation:

However, it also suggests that the punishment should be commensurate with the severity of the crime. Thus, the theory focuses on the level of the crime committed, not the offender alone. The criminal justice system of most countries is based on the fundamental assumptions of the classical theory Leader-member relations are the level of trust and the degree of like ability the leader enjoys with subordinate groups. b) Task structure-the degree to which the task is spelled out or must be left nebulous and undefined. c) Position power is the leader's ability to exercise power in the organization..

Explanation: