Which of the following is NOT a part of the strict foreclosure process?

In the context of secured transactions, strict foreclosure is a process by which a secured party can retain collateral in satisfaction of a debt without going through a sale. Key elements in this process include proposing to retain the collateral, notifying interested parties, and ensuring that the rights of other creditors are considered.

The proposal to retain collateral is a fundamental step, where the secured party formally states their intention to keep the collateral instead of selling it. It's essential to inform the debtor and any other interested parties involved in the transaction.

Verification of other creditors' debts is also crucial, as it ensures that the rights of existing creditors are acknowledged and that the secured party’s actions do not infringe upon the rights of others.

Notification to other interested parties is a requirement in strict foreclosure to ensure that everyone with an interest in the collateral is informed about the secured party’s intentions and the process as it unfolds.

In contrast, obtaining a court order is not typically a required part of the strict foreclosure process. Strict foreclosure can occur without judicial intervention, as long as the proper statutory procedures and notifications are followed. Thus, obtaining a court order is not necessary, which makes this the correct answer in identifying what is NOT a part of the strict foreclosure process.