Finance
Under NH's Power of Sale foreclosure process, how is the foreclosure sale conducted?
ABy court order following a judicial proceeding
BBy public auction conducted by the lender without court involvement, following statutory notice requirements✓ Correct
CBy private sale negotiated directly with the defaulting borrower
DBy NHREC auction on behalf of the lender
Explanation
NH uses a non-judicial (Power of Sale) foreclosure process. The lender can foreclose by conducting a public auction without filing a lawsuit, as long as the mortgage contains a power of sale clause and the lender follows statutory notice requirements (NH RSA 479). This is faster than judicial foreclosure.
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