A deed of trust financing arrangement prevents the problems of separated note holders and mortgage holders in foreclosure.

Question

Quizplus · Accepted Answer

A deed of trust involves a third party, the trustee, who holds the legal title until the debt is paid off, ensuring a more streamlined process in case of foreclosure, as opposed to the potential complications when note holders and mortgage holders are separate entities.

A Deed of Trust Financing Arrangement Prevents the Problems of Separated