Default and remedies
Non-judicial foreclosure
Foreclosure under a power of sale in the security instrument, without a lawsuit
The trustee under a deed of trust sells the property following the statutory notice procedure. It is markedly faster than the judicial route, and several states restrict or bar a deficiency judgment afterwards as the trade-off.
How the exam asks about it
Connect it to the deed of trust and the power of sale clause. That chain — instrument, clause, procedure — is what the questions follow.
Related terms
Sitting the license exam? Find out what you actually know.
Free practice questions built to the published national content outline, with an explanation after every answer. No account, no paywall.
Independent exam preparation. Real Estate Exam Bank is not a state-approved pre-licensing course and completing anything here does not satisfy any state education requirement. Not affiliated with, endorsed by, or authorized by any state real estate commission, Pearson VUE, or PSI. Practice questions here are original study material, not the official exam.