Finance
In Alabama, a deed of trust differs from a mortgage in that:
AA deed of trust involves three parties; a mortgage involves two✓ Correct
BA deed of trust is only used for commercial property
CA mortgage is used for all Alabama transactions
DThere is no difference
Explanation
A deed of trust involves three parties: the trustor (borrower), the trustee (neutral third party holding title), and the beneficiary (lender). A mortgage involves two parties: the mortgagor (borrower) and mortgagee (lender).
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