Choose the one most appropriate answer for each.
-conveys to the purchaser at foreclosure the right, title, and interest held by the trustee
A)accepted form
B)assignment of rents
C)automatic form
D)bare title
E)beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Question

Choose the one most appropriate answer for each.
-conveys to the purchaser at foreclosure the right, title, and interest held by the trustee
A)accepted form
B)assignment of rents
C)automatic form
D)bare title
E)beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Quizplus · Accepted Answer

A trustee's deed is a document that conveys the right, title, and interest held by the trustee to the purchaser at a foreclosure sale.

Answer: F
 In a deed of trust arrangement, the beneficiary, trustor, and trustee agree that the trustee holds the legal title to the property as security for the loan provided by the beneficiary. If the trustor defaults on the loan, the trustee has the power of sale to foreclose on the property.

Answer: R
 The trustee is the person or entity responsible for holding the legal title to the property in a deed of trust arrangement, and has the power of sale to foreclose on the property in the event of a default.

Answer: H
 Foreclosure is the process by which a lender or beneficiary takes back a property from the borrower or trustor due to a default on the loan. The property is often then sold to pay off the outstanding debt.

Answer: T
 The trustor is the person who borrows the money and pledges their property as security for the loan in a deed of trust arrangement.

Choose the One Most Appropriate Answer for Each