The Difference Between Judicial Foreclosure and Power of Sale in the Treatment

The difference between judicial foreclosure and power of sale in the treatment of defaulted mortgages can be significant. All of the following statements regarding power of sale are true EXCEPT:

A) The power of sale treatment is faster than judicial foreclosure
B) The foreclosed property is typically sold through a public auction administered by the court.
C) It is less costly for power of sale to be employed than judicial foreclosure.
D) Typically, lenders must give proper legal notice to the borrower, advertise the sale property, and allow a required passage of time before the sale.