Foreclosure may take place by which two processes?

• A. Ordinary
• B. Executory
• C. Ordinary and Executory
• D. Judicial and Nonjudicial

Answer: (C)

Foreclosure can occur in two distinct paths: ordinary foreclosure and executory fore-closure. Ordinary foreclosure is a court-supervised sale after a creditor files a lawsuit to enforce the mortgage; the court oversees notices, bidding, and the distribution of proceeds, which adds time but provides procedural protections to the borrower. Executory foreclosure, on the other hand, uses the lender’s power of sale under the mortgage terms to conduct a sale without going through the court, typically after proper notices and publication; it’s usually faster and less costly, but rests on strict compliance with statutory procedures.

So the two recognized avenues are the ordinary path and the executory path, which is why the best answer lists those two together.