Finance
A Nevada borrower defaults on their deed of trust. Which foreclosure process is most commonly used?
AJudicial foreclosure through district court
BNon-judicial foreclosure (trustee's sale)✓ Correct
CStrict foreclosure
DAdministrative foreclosure by NRED
Explanation
Nevada primarily uses non-judicial foreclosure (trustee's sale) for deeds of trust. This process does not require court approval and is generally faster than judicial foreclosure.
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