How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Law Girl Your Own Question
Law Girl
Law Girl, Attorney
Category: Bankruptcy Law
Satisfied Customers: 4606
Experience:  I am an attorney.
Type Your Bankruptcy Law Question Here...
Law Girl is online now
A new question is answered every 9 seconds

Is a foreclosure considered a civil judgment for the purpose

This answer was rated:

Is a foreclosure considered a civil judgment for the purposes of a U4 application?

I'm applying for financial industry U4. I also have 2 foreclosures and have just filed for bankruptcy. I'm wondering if a foreclosure is considered a "civil judgment" for the purposes of a U4 application.
Did the lender proceed through a judicial or nonjudicial foreclosure?
Customer: replied 7 years ago.
These were judicial foreclosures.

Then yes, these would constitute civil judgments.


Please let me know if you have any other questions or require clarification. Otherwise, please hit "ACCEPT" so I may receive credit for my efforts.


Good Luck!

Customer: replied 7 years ago.
Thank you for the prompt response.

This leads me to 2 other questions:

1. The U4 form asks if the matter was resolved by being: Discharged, Released, Removed, or Satisfied. Would this be considered "Satisfied"

2. Are deeds-in-lieu or short sales also considered civil judgments?

If the foreclosure happened, pursuant to the order of the court, then it would be considered satisfied.


Deeds in lieu and short sales are not considered civil judgments.

Law Girl and other Bankruptcy Law Specialists are ready to help you