Finance
Vermont also allows non-judicial (power of sale) foreclosure when:
AThe mortgage amount exceeds $500,000
BThe mortgage deed expressly contains a power of sale clause, allowing the mortgagee to sell without a court action after statutory notice✓ Correct
CBoth parties agree at the time of default
DThe property is commercial
Explanation
Vermont permits non-judicial foreclosure by power of sale when the mortgage instrument expressly grants this power and the mortgagee follows the strict statutory notice and process requirements under Vermont law.
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