Finance
In Oregon, real estate foreclosures most commonly occur through which process?
AJudicial foreclosure requiring a court order
BNon-judicial foreclosure (trustee's sale) under the deed of trust✓ Correct
CStrict foreclosure ordered by the county assessor
DAdministrative foreclosure by the Oregon Real Estate Agency
Explanation
Oregon primarily uses the deed of trust (rather than a mortgage), which allows for non-judicial foreclosure via a trustee's sale. This process is faster than judicial foreclosure and does not require court involvement as long as the proper statutory procedures are followed.
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