Finance
South Carolina primarily uses deeds of trust for mortgage financing. Which type of foreclosure is associated with deeds of trust?
AStrict foreclosure
BNon-judicial foreclosure (power of sale)✓ Correct
CJudicial foreclosure only
DForeclosure by advertisement
Explanation
Deeds of trust typically allow non-judicial (power of sale) foreclosure, which is faster and less costly than judicial foreclosure. South Carolina also allows judicial foreclosure on deeds of trust.
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