Property Ownership
In South Carolina, 'deeds of trust' are most commonly used instead of traditional mortgages because they:
ARequire less documentation
BAllow for faster non-judicial foreclosure through the power of sale clause✓ Correct
CAre required by state law
DOffer the borrower more protection
Explanation
Deeds of trust with power of sale clauses allow the trustee to foreclose without court proceedings (non-judicial foreclosure), which is faster and less expensive than the judicial foreclosure required for traditional mortgages.
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