A foreclosure is a process by which secured real property is confiscated at the direction of the unpaid creditor and sold to the highest bidder

Question

A foreclosure is a process by which secured real property is confiscated at the direction of the unpaid creditor and sold to the highest bidder​

Quizplus · Accepted Answer

Foreclosure is the legal process by which a lender (the unpaid creditor) takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on his or her mortgage, as stipulated in the mortgage contract.

A Foreclosure Is a Process by Which Secured Real Property