A strict foreclosure gives the creditor a right to seek deficiencies from the debtor.

Name: A strict foreclosure gives the creditor a right to seek deficiencies from the debtor.
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A strict foreclosure does not allow the creditor to seek deficiencies from the debtor. Instead, the creditor takes ownership of the property in full satisfaction of the debt, with no further action required from the debtor.

A Strict Foreclosure Gives the Creditor a Right to Seek