Which of the following describes judicial foreclosure?

Judicial foreclosure is a specific legal process involving court proceedings that lenders must initiate to reclaim a property when the borrower defaults on the mortgage. This method requires the lender to file a lawsuit in court, which then oversees the foreclosure process. The court's involvement ensures that there is a formal legal framework guiding the sale of the property, and it often results in a public auction of the home.

This differs significantly from other methods of foreclosure, such as non-judicial foreclosure, which does not require court involvement and can occur without as much formal legal process. Additionally, personal negotiations or resolutions through mediators are not hallmarks of a judicial foreclosure, as the process is fundamentally rooted in court adjudication rather than direct negotiation between the parties involved. Thus, the requirement for court proceedings in judicial foreclosure is what clearly distinguishes this process from other options related to foreclosure scenarios.