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

Question

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The legal procedure described in the question is foreclosure sale. Foreclosure is a process by which a lender takes possession of a property that has a mortgage in default and sells it to recover the outstanding loan amount. The foreclosure sale is a public auction conducted by the court. The other options, attachment and accountability, are legal terms that do not relate to the specific process being described. A land sales contract is a type of seller financing agreement, which is not relevant to this question.

A Legal Procedure by Which a Secured Creditor Causes the Judicial