Finance
In Montana, a deed of trust is used instead of a mortgage because it allows for:
ALower interest rates for borrowers
BNon-judicial foreclosure, which is faster and less expensive✓ Correct
CJudicial oversight of all foreclosure sales
DGovernment guarantee of the loan
Explanation
Montana predominantly uses deeds of trust rather than mortgages because they allow for non-judicial foreclosure (trustee's sale), which is faster and less expensive than the court-supervised judicial foreclosure required for mortgages.
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