Finance
Under a Mississippi deed of trust, if the borrower defaults, the lender can foreclose through:
AOnly a judicial court proceeding
BNon-judicial (trustee's sale) foreclosure, which does not require court involvement✓ Correct
CMREC arbitration
DA sheriff's sale ordered by the county
Explanation
Because Mississippi uses deeds of trust, the trustee has the power of sale, allowing non-judicial foreclosure. This process bypasses the courts, making it faster and less expensive than judicial foreclosure.
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