FinancingMortgage_instrumentsEASY
In a deed of trust arrangement, who is the neutral third party named to act under the instrument and conduct a sale if required?
Correct Answer
D) The trustee, who acts under the deed of trust
A deed of trust names a trustee as the third party who acts under the security instrument. In a default, that trustee may carry out the sale procedures authorized by the deed of trust and applicable law.
Answer Options
A
The trustor, who is the borrowerB
The beneficiary, who is the lenderC
The grantee, who receives the seller's deedD
The trustee, who acts under the deed of trustWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
deed_of_trusttrusteebeneficiarysecurity_instrument
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