Finance
In Alaska, a deed of trust differs from a mortgage in that a deed of trust:
ARequires judicial foreclosure in all cases
BInvolves three parties — trustor, trustee, and beneficiary — and may allow non-judicial foreclosure✓ Correct
CIs only used for commercial properties
DDoes not secure real property
Explanation
A deed of trust involves the borrower (trustor) conveying legal title to a neutral trustee who holds it for the benefit of the lender (beneficiary). If the borrower defaults, the trustee can foreclose non-judicially under the power of sale clause.
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