FinanceQuestion 82 of 120
Foreclosure under a Texas deed of trust with a power-of-sale clause is often carried out through:
a.A lengthy jury trial
b.A non-judicial trustee's sale
c.Automatic transfer to the county
d.An IRS auction
Explanation
The power-of-sale clause in a Texas deed of trust allows a non-judicial foreclosure conducted by the trustee, which is faster than a court process. Statutory notice requirements must still be met, and the rules can change.
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