A Section 363 sale is a sale of assets of the estate, such as real estate, pursuant to Section 363 of the Bankruptcy Code. Secured Lenders often support 363 Sales of their collateral because a first lien lender is allowed to credit bid its debt at the sale (i.e., bidding its debt rather than cash); the sale is done through a Bankruptcy Court supervised process and the lien on the collateral attaches to the sale proceeds if the Lender is not the winning bidder. Section 363 sales often attract multiple bidders and result in higher prices than sales at a typical Texas foreclosure sale on the county courthouse steps.