Question

If borrower defaults, allows the property to be sold using non-judicial foreclosure process : Power of sale

Answer 1

A non-judicial foreclosure process, also known as a power of sale, allows the lender to sell the property without involving the court system.

Step-by-step explanation:

In the context of property foreclosure, a non-judicial foreclosure process allows the lender to sell the property without going through the court system. This process is also referred to as a power of sale. It is a legal mechanism that is used when the borrower defaults on their loan and provides the lender with the authority to sell the property to recover the outstanding debt.