In a situation of default, it is easier for the lender to realise on her security by obtaining a final order of foreclosure, rather than conducting a power of sale.

Question

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Obtaining a final order of foreclosure is often a more complex and time-consuming process than conducting a power of sale. A power of sale allows the lender to sell the property without the need to go through the court system, making it generally quicker and less costly.

In a Situation of Default, It Is Easier for the Lender