Finance
What is the primary advantage of a deed of trust over a traditional mortgage in New Mexico?
ALower interest rates
BNon-judicial foreclosure is faster and less expensive✓ Correct
CThe borrower retains legal title
DNo down payment is required
Explanation
The main advantage of a deed of trust is that the lender can foreclose non-judicially (without going to court) if the borrower defaults, which is generally faster and less expensive.
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