What court order requires the defaulted borrower to pay any remaining balance owed to the lender after the sale of a foreclosed property?

A deficiency judgment is a court order that allows a lender to collect the remaining balance owed on a loan after a property has been sold in foreclosure. When a property is foreclosed, it is often sold at auction for less than the total amount of the mortgage debt. If the sale does not cover the full amount owed, the lender can seek a deficiency judgment against the borrower for the unpaid balance. This legal remedy is particularly important for lenders as it helps them recoup some losses from the defaulted loan.

The other options relate to different concepts in real estate law and finance. A deed in trust and a deed of trust are instruments used in securing a loan, involving a third party who holds the title until the obligations of the loan are met. Delivery and acceptance pertains to the process of transferring property ownership but doesn't involve outstanding loan balances following foreclosure. Thus, deficiency judgment is clearly the correct answer in the context of remaining loan balances after foreclosure proceedings.