Finance
In Arizona, the process by which a lender takes ownership of a property after the borrower defaults under a Deed of Trust is called:
AJudicial foreclosure
BNon-judicial (trustee's sale) foreclosure✓ Correct
CRedemption
DDeficiency judgment
Explanation
Because Arizona primarily uses Deeds of Trust, the standard foreclosure process is non-judicial — a trustee's sale. This is faster than judicial foreclosure.
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