Which of the following can result from a successful foreclosure?

A successful foreclosure allows the lender to recover the outstanding loan amount because the process effectively transfers ownership of the property from the borrower to the lender. When a borrower defaults on their mortgage, the lender initiates foreclosure proceedings to take legal possession of the property, which secures the lender's financial interest. After foreclosure, the lender can sell the property, and the proceeds from that sale can be used to satisfy the outstanding mortgage debt. This means that the lender has the opportunity to recoup the amount owed under the loan agreement, making the recovery of the outstanding loan amount a direct consequence of a successful foreclosure.

In contrast, retaining ownership of the property by the borrower is not possible once the foreclosure is completed. Additionally, the court's role does not include nullifying the debt simply because a foreclosure has taken place. The lender retains the right to sell the property to recover their losses; therefore, any notion that a lender cannot sell the property after a foreclosure contradicts the purpose and outcome of the foreclosure process itself.