Sebastian is employed in the loans department of the Eastpac Bank, which has loaned $380 000 to Isabelle Francis to purchase a Torrens title property...

 Sebastian is employed in the loans department of the Eastpac Bank, which has loaned $380 000 to

Isabelle Francis to purchase a Torrens title property in a Melbourne suburb. Unfortunately, Isabelle defaults

in her payments and Sebastian is instructed to exercise the bank's rights as mortgagee. Sebastian wanted

to impress the boss and suggests that foreclosure might be a good idea

Is this the best option? What does the law require in these circumstances