Finance
In California, the non-judicial foreclosure process under a deed of trust is initiated by recording a:
ANotice of Default (NOD)✓ Correct
BLis Pendens
CTrustee's Deed
DDeficiency Judgment
Explanation
Non-judicial foreclosure in California begins when the trustee (or beneficiary's agent) records a Notice of Default (NOD) with the county recorder. The borrower then has a reinstatement period before a Notice of Trustee's Sale is recorded and the property is sold.
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