A deed of trust differs from a mortgage in that the former conditionally conveys the property to a trustee for the benefit of the creditor.

Name: A deed of trust differs from a mortgage in that the former conditionally conveys the property to a trustee for the benefit of the creditor.
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A deed of trust involves three parties: the borrower, the lender, and a trustee. The borrower conditionally conveys the property to the trustee, who holds it as security for the loan, benefiting the lender.

A Deed of Trust Differs from a Mortgage in That