FinancingQuestion 88 of 120
In California, the most common method of foreclosing a deed of trust after default is a:
a.Judicial foreclosure through the courts
b.Strict foreclosure
c.Deed in lieu required by law
d.Nonjudicial trustee's sale under the power of sale
Explanation
Because California deeds of trust contain a power of sale, lenders typically use a nonjudicial trustee's sale, which is faster and does not require a lawsuit. The trustee follows statutory notice and timing requirements. Judicial foreclosure is available but less common and preserves the right to a deficiency judgment.
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