Final answer:
Non-Judicial Foreclosure, also known as a Trustee's Sale, is a type of foreclosure process that does not involve a lawsuit. It is typically faster and less expensive than a Judicial Foreclosure.
Step-by-step explanation:
Non-Judicial Foreclosure, also known as a Trustee's Sale, is a type of foreclosure process in which the lender sells the property without going through the court system.
This process is called non-judicial because it does not involve a lawsuit and is typically faster and less expensive than a Judicial Foreclosure, which requires court intervention.
In a non-judicial foreclosure, the lender follows the specific procedures outlined in the mortgage or deed of trust to sell the property at a foreclosure auction.