If a Program loan is secured by a mortgage, the Department may: enforce the mortgage; foreclose on the mortgage and take title to the mortgaged property or take deed in lieu of foreclosure; convey title to a purchaser; obtain and enforce a deficiency judgment; allow assumption of the mortgage; and contract with a private mortgage servicer to perform on behalf of the Department any functions a servicer ordinarily performs. Without approval or execution by the Board of Public Works, the Department may: assign a mortgage for value; or convey property after acquisition.