Which of the following procedures permits foreclosure without court proceedings and sale of the property through an auction?

Question

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The procedure that permits foreclosure without court proceedings and sale of the property through an auction is called a power of sale. This allows the lender to sell the property without having to go through the court system, making the process faster and less expensive. The lender must follow state-specific procedures and provide notice to the borrower before proceeding with the sale. Deficiency sale, remortgage, and refinancing sale do not permit foreclosure without court proceedings and auction.

Which of the Following Procedures Permits Foreclosure Without Court Proceedings