Finance
The Oregon TRUST Act (Trust Deed Act) provides borrowers facing foreclosure with:
AA right of redemption for 1 year after the trustee's sale
BSpecific notice requirements, reinstatement rights, and a minimum timeline before a foreclosure sale✓ Correct
CThe right to convert a non-judicial foreclosure to a judicial proceeding at any time
DA guaranteed loan modification before foreclosure can proceed
Explanation
Oregon's Trust Deed Act (ORS Chapter 86) establishes detailed requirements for non-judicial foreclosure, including mandatory notices to the borrower, reinstatement rights (to cure the default and stop foreclosure), and minimum timelines to protect borrowers.
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