Finance
In Arizona, a deed of trust differs from a mortgage primarily because:
AA deed of trust requires a court order to foreclose
BA deed of trust involves three parties and allows non-judicial foreclosure✓ Correct
CA mortgage involves a trustee holding title
DA deed of trust does not require a promissory note
Explanation
Arizona primarily uses deeds of trust, which involve three parties: the borrower (trustor), the lender (beneficiary), and the trustee. This structure allows for non-judicial trustee's sale foreclosure without court involvement.
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