Finance
In West Virginia, the primary security instrument used by lenders in mortgage transactions is a:
AMortgage with judicial foreclosure
BDeed of trust with non-judicial foreclosure✓ Correct
CLand contract with equitable title
DSecurity deed with power of sale
Explanation
West Virginia primarily uses deeds of trust rather than mortgages. The deed of trust allows for non-judicial foreclosure (foreclosure without court action), which is faster and less costly than judicial foreclosure.
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