Final answer:
A sale to satisfy delinquent tax or mortgage liens is an example of a foreclosure sale.
Step-by-step explanation:
A sale to satisfy delinquent tax or mortgage liens is an example of a foreclosure sale. In this type of sale, the property is sold to recover the outstanding tax or mortgage debt.
During a foreclosure sale, the property is typically auctioned off to the highest bidder. The proceeds from the sale are then used to pay off the delinquent taxes or mortgage debt. If there is any surplus, it may be returned to the property owner. If there is a shortfall, the owner may still be responsible for the remaining debt.
Foreclosure sales can occur due to non-payment of property taxes or failure to make mortgage payments. They are often conducted by governmental authorities or by lenders such as banks.