Finance
A Virginia borrower defaults on a deed of trust. After the trustee's sale, the property sells for less than the outstanding loan balance. The lender may seek:
AStrict foreclosure only
BA deficiency judgment against the borrower✓ Correct
CCriminal prosecution
DVREB license revocation of the listing agent
Explanation
In Virginia, after a trustee's sale under a deed of trust, if the sale proceeds do not cover the debt, the lender may pursue a deficiency judgment against the borrower for the remaining balance.
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