Finance
The primary security instrument used in Arizona real estate transactions is the:
ATraditional mortgage (two-party instrument)
BDeed of Trust (three-party instrument)✓ Correct
CLand contract (contract for deed)
DWarranty deed with encumbrance clause
Explanation
Arizona primarily uses a Deed of Trust, which involves three parties: the trustor (borrower), the beneficiary (lender), and the trustee (neutral third party who holds bare legal title as security). This allows for non-judicial foreclosure.
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