Dante borrowed $150,000 from Eden Valley Bank to buy a home. The loan was a fixed-rate mortgage at 4.25 percent with a thirty-year term subject to an acceleration clause and secured by the home. After paying $8,500 of the mortgage, Dante lost his job and stopped making payments. For six months, Eden tried unsuccessfully to contact Dante. The current market value of the home was $115,000.

What is Eden’s best option to recover the unpaid amount of the mortgage? Because Dante did not contact or even respond to Eden, the best option to recover the unpaid amount of the loan is a ______________. The acceleration clause allows Eden to call the entire loan due. A court supervises a judicial ______________. Eden’s first step is to file a notice of ______________ with the appropriate state office. This puts Dante on notice to pay the loan and cure the ______________. If this does not occur, Eden can give a notice of sale to Dante, post it on the property, file it with the county, and announce it in a newspaper. The property will be sold at ______________ on the courthouse steps. Because the market value of the home has fallen, the sale is unlikely to recover the unpaid amount of the loan, plus Eden’s fees and costs. Eden can then ask the court for a ______________ judgment against Dante.