When a trustor defaults on his or her payments and refuses to reinstate the deed of trust, the most expedient thing for the beneficiary to do is to institute a:

a. sheriff's sale
b. lien sale
c. trustee's sale
d. judicial foreclosure sale

Answer: c. trustee's sale

Business

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All of the following would be acceptable as evidence of marketable title EXCEPT

A) A Torrens certificate B) A title insurance policy C) An abstract and legal opinion D) A property owner's warranty deed

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Inspection of final products is an example of a value-added activity

Indicate whether the statement is true or false

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