Finance
A deed of trust (trust deed) differs from a mortgage in that it involves:
AOnly two parties: borrower and lender
BThree parties: trustor (borrower), trustee, and beneficiary (lender)✓ Correct
CThe government as a guarantor
DA seller carryback arrangement
Explanation
A deed of trust involves three parties: the trustor (borrower) who conveys title to a trustee (neutral third party) to hold as security for the beneficiary (lender). When the loan is paid off, the trustee reconveys title to the borrower.
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