Strict Foreclosure In A Nutshell

LexisNexis (December 9, 2019, 2:57 PM EST) -- A handy option to holding a UCC foreclosure sale is to retain the collateral in satisfaction of the obligation, as authorized by UCC 9-620 through UCC 9-622. This “strict foreclosure” approach has historical antecedents in the law of real property, particularly the deed in lieu of foreclosure....