8. The benefit to a lender using the nonjudicial power-of-sale method to foreclose on a property is that it a. guarantees repayment of the loan. b. lengthens the statutory redemption period. c. does not require notice to the public. d. does not require judicial (court) procedure. 9. Strict foreclosure where the court sets a specific time period for the borrower to pay the balance due or the lender receives full legal title to the property is only found today in which type of real estate financing? a. Note and mortgage b. Note and deed of trust c. Contract for deed d. Deed in lieu 10. The bank has foreclosed on the Williams' home. The Williams will face a tax impact in which of the following circumstances? a The house sells for more than they owe. The house sells for exactly enough to repay the balance due. b. c. The property's book value is less than the amount due. d. The bank accepts a deed in lieu of foreclosure