Finance
Virginia uses deeds of trust rather than mortgages for most residential loans. The primary advantage of a deed of trust for lenders is:
ALower interest rates
BNon-judicial foreclosure, which is faster than judicial foreclosure✓ Correct
CGreater borrower protections
DElimination of the down payment requirement
Explanation
Virginia's deed of trust allows non-judicial foreclosure, meaning the trustee can sell the property without going through the courts, making the foreclosure process faster than judicial mortgage foreclosure.
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