Finance
Arizona uses primarily deeds of trust rather than mortgages for real property financing because:
ADeeds of trust have lower interest rates
BDeeds of trust allow for a non-judicial (trustee's sale) foreclosure process that is faster than judicial foreclosure✓ Correct
CMortgages are illegal in Arizona
DArizona law requires deeds of trust for all real property loans
Explanation
Arizona primarily uses deeds of trust because they allow a non-judicial foreclosure process (trustee's sale), which is faster and less expensive than the judicial foreclosure required for mortgages.
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