Which method is NOT a part of judicial foreclosure?

Judicial foreclosure is a legal process that involves the court in the foreclosure of a mortgage. This method follows specific procedures that are governed by state law. The key methods involved in judicial foreclosure typically include a public sale to the highest bidder, the equitable right of redemption, and the use of the power-of-sale process, all of which are integral to ensuring that the foreclosure is carried out lawfully.

The power-of-sale process generally allows the lender to sell a property without court intervention when it has been stipulated in the mortgage contract, making it a direct alternative to judicial foreclosure. The equitable right of redemption is a homeowner's legal right to reclaim their property by paying off the mortgage debt and associated costs before the foreclosure sale.

In contrast, foreclosure by agreement is not a standard method of judicial foreclosure. This method is more of a negotiated settlement between the lender and the borrower, rather than a formal court process. Because judicial foreclosures rely explicitly on court proceedings to execute the sale and the associated legal decisiveness, this makes the method that does not align with the judicial framework distinctly the foreclosure by agreement.