The right to hold a public or private sale of an asset (such as real property secured by a deed of trust) without the requirement of a judicial process.
Further Reading
For more detailed information, see our related Real Property terms:
Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.
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