Finance
South Carolina follows judicial foreclosure procedures for which type of security instrument?
ADeeds of trust only
BTraditional mortgages (where no power of sale clause exists)✓ Correct
CFHA loans only
DCommercial loans only
Explanation
Traditional mortgages in South Carolina that do not contain a power of sale clause require judicial foreclosure through the court system. Deeds of trust with power of sale clauses allow non-judicial foreclosure.
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