In a Virginia deed of trust, the borrower who pledges the property as security for the loan is known as which party?
Correct Answer
D) Trustor
In a Virginia deed of trust, the trustor is the borrower who conveys legal title to the trustee as security for the loan. The three parties are: trustor (borrower), trustee (neutral third party holding title), and beneficiary (lender). This three-party structure distinguishes the deed of trust from a two-party mortgage.
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