Which of the following is a type of mortgage where title to the property is nominally in a trustee, who sells if the buyer defaults?

Question

Quizplus · Accepted Answer

This type of mortgage is known as a deed of trust, where the legal title to the property is held by a trustee while the borrower maintains equitable title. If the borrower defaults on payments, the trustee has the power to sell the property on behalf of the lender.

Which of the Following Is a Type of Mortgage Where