When Default Is Declared on a Loan Secured by Deed

When default is declared on a loan secured by deed of trust, which of the following is true?

A) The trustee must sell the property at a private sale.
B) The successful bidder at the trustee's sale receives a trustee's deed at the time of sale.
C) The defaulting borrower has a one year period of redemption after the trustee's sale.
D) After a year, the successful bidder at the trustee's sale receives a trustee's deed.

Correct Answer:

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