Where default occurs, and real estate markets are falling, the mortgagee will likely want to realise on the security in the quickest suitable manner, which is

A) Sale.
B) Sale under Power of Sale.
C) Foreclosure.
D) Discharge.
E) Possession.

Power of Sale

A clause in a mortgage or trust deed that gives the lender the right to sell the property if the borrower defaults on payments.

Realise on Security

The process of selling secured assets to recover the amount due on a loan in the event of default.

Falling Markets

Financial markets experiencing a decline in the prices of securities, often signaling investor pessimism or economic downturns.