Question

question 12 1 pts when a deed of trust is foreclosed through court action: it means there is a homestead on the property no deficiency judgment is ever allowed it is the same as a foreclosure by trustees sale the trustor has a one year redemption period question 13 1 pts after a trustees sale is conducted and the property sold to the highest bidder, the trustor has: three months to reinstate the loan one year in which to redeem the property no redemption or reinstatement rights 21 days to pay off the loan balance

Explanation:

For Question 12, when a deed of trust is foreclosed through court - action, in some cases the trustor has a one - year redemption period. A homestead on the property is not a necessary implication. Deficiency judgments can be allowed in some situations. A court - foreclosure is different from a trustee's sale.
For Question 13, after a trustee's sale, the trustor generally has no redemption or reinstatement rights as the property is sold to the highest bidder in a non - judicial foreclosure process.

Answer:

Question 12: The trustor has a one year redemption period
Question 13: No redemption or reinstatement rights