A legal procedure by which a secured creditor causes the judicial sale of a secured real estate property to pay a defaulted loan is known as ________.

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Foreclosure sale is the legal procedure by which a secured creditor causes the judicial sale of a secured real estate property to pay a defaulted loan. Option A, attachment is a legal process where a creditor attaches or seizes the property of a debtor to secure repayment of a debt. Option B, refinancing is the process of replacing an existing debt obligation with a new debt obligation that has different terms and is originated by another lender. Option C, land sales contract, is a type of seller financing where the seller retains ownership of the property until the buyer has paid the full purchase price.

A Legal Procedure by Which a Secured Creditor Causes the Judicial