Question

A borrower defaults on a deed of trust loan. Before the lender can foreclose, the lender must
a. offer to modify the loan terms to allow the borrower to catch up.
b. appoint a trustee if the deed of trust is of the automatic trustee form.
c. notify the borrower, trustee and all interested parties of the default.
d. advertise the sale several weeks in advance and perform the sale himself, on the site of the property securing the loan.

Answer

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