Who are the three parties in a deed of trust - Texas All-Lines Adjuster Exam Prep

Question

Who are the three parties in a Deed of Trust?

Answers
  1. correct
Explanation
Explanation
Correct Answer: B) Trustor (borrower), beneficiary (lender), trustee (neutral third party)
In a Deed of Trust, the borrower is the trustor, the lender is the beneficiary, and the trustee holds bare legal title and can conduct foreclosure if needed.

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