Which of the following best describes how a deed of trust works?
A) The state gives a deed to the lender to hold until the borrower satisfies the debt.
B) The borrower gives a deed to the lender to hold until the borrower satisfies the debt.
C) When a party borrows money to purchase property,the seller holds the deed until the debt is paid off,at which point it will be conveyed to the borrower.
D) When a trust is the owner of real property,a special type of deed is required.
E) The borrower conveys a deed to a third party who holds legal title until the debt is paid off or the borrower defaults.
Correct Answer:
Verified
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