Solved

A Borrower Defaults on a Deed of Trust Loan

Question 33

Multiple Choice

A borrower defaults on a deed of trust loan. Before the lender can foreclose, the lender must


A) offer to modify the loan terms to allow the borrower to catch up.
B) appoint a trustee if the deed of trust is of the automatic trustee form.
C) notify the borrower, trustee and all interested parties of the default.
D) advertise the sale several weeks in advance and perform the sale himself, on the site of the property securing the loan.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents