Which type of foreclosure requires court supervision for the sale of mortgaged property?

Judicial foreclosure is the correct answer because it involves a court process where a lender must file a lawsuit to obtain the right to foreclose on a property. This process allows for judicial supervision throughout the foreclosure proceedings, ensuring that all legal requirements are met and that the borrower has an opportunity to contest the foreclosure in court.

During a judicial foreclosure, the court will review the evidence presented by both the lender and the borrower and ultimately issue a judgment that allows the property to be sold if the foreclosure is justified. This type of foreclosure is commonly practiced in states that require court involvement to ensure that the rights of the borrower are protected and that due process is followed.

In contrast, non-judicial foreclosure does not require court involvement, as it follows the process outlined in the deed of trust or mortgage, allowing the lender to sell the property directly. Strict foreclosure eliminates the sale process altogether by allowing the lender to take ownership of the property without a sale, while summary foreclosure is not a commonly recognized term in the context of real estate law and may not align with the legal processes applicable in most jurisdictions.