Finance
In a North Dakota foreclosure by advertisement (trustee's sale), which is typically faster?
AJudicial foreclosure (going through court)
BNon-judicial foreclosure (trustee's sale under power of sale clause in deed of trust)✓ Correct
CBoth take exactly the same amount of time
DDepends solely on lender preference
Explanation
Non-judicial foreclosure (trustee's sale) under a deed of trust with a power of sale clause is typically faster than judicial foreclosure because it does not require court proceedings. North Dakota allows both methods.
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