The process of enforcing a lien by forcing sale of the lienee's property is called

The process of enforcing a lien by forcing sale of the lienee's property is called

• A. execution.
• B. attachment.
• C. foreclosure.
• D. subordination.

Answer: (C)

Foreclosure is the legal process by which a lender enforces a real estate lien by forcing the sale of the property to satisfy the debt. A lien gives the creditor a security interest in the property; when the borrower defaults, the lender uses foreclosure to terminate the borrower's ownership rights and have the property sold, with the proceeds paying off the secured amount. Foreclosure can be judicial (court-supervised) or nonjudicial (sale under a power of sale from the loan documents), depending on the loan and jurisdiction. Other terms describe different steps or concepts: attachment is the act of seizing or securing property to support a claim, subordination refers to the priority order among multiple liens, and execution is generally the enforcement of a judgment, which may involve seizing property but is not the specific term for enforcing a real estate lien by forcing a sale.

Foreclosure is the legal process by which a lender enforces a real estate lien by forcing the sale of the property to satisfy the debt. A lien gives the creditor a security interest in the property; when the borrower defaults, the lender uses foreclosure to terminate the borrower's ownership rights and have the property sold, with the proceeds paying off the secured amount. Foreclosure can be judicial (court-supervised) or nonjudicial (sale under a power of sale from the loan documents), depending on the loan and jurisdiction.

Other terms describe different steps or concepts: attachment is the act of seizing or securing property to support a claim, subordination refers to the priority order among multiple liens, and execution is generally the enforcement of a judgment, which may involve seizing property but is not the specific term for enforcing a real estate lien by forcing a sale.