In a deed of trust, the right that the trustee has to proceed with non-judicial foreclosure is called?

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Multiple Choice

In a deed of trust, the right that the trustee has to proceed with non-judicial foreclosure is called?

Explanation:
Power of sale is the clause in a deed of trust that authorizes the trustee to sell the property to satisfy the debt without court involvement when the borrower defaults. This enables non-judicial foreclosure by letting the trustee proceed under the agreement and applicable laws, typically after proper notice. Acceleration merely speeds up the due date of the loan, not the method of foreclosure. Judicial foreclosure requires court action to approve the sale. Reinstatement is the borrower bringing payments current to stop the foreclosure process, not the authority to foreclose.

Power of sale is the clause in a deed of trust that authorizes the trustee to sell the property to satisfy the debt without court involvement when the borrower defaults. This enables non-judicial foreclosure by letting the trustee proceed under the agreement and applicable laws, typically after proper notice. Acceleration merely speeds up the due date of the loan, not the method of foreclosure. Judicial foreclosure requires court action to approve the sale. Reinstatement is the borrower bringing payments current to stop the foreclosure process, not the authority to foreclose.

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