Finance
A deed of trust in California has three parties. Which of the following correctly identifies all three?
AMortgagor, mortgagee, and trustee
BTrustor, beneficiary, and trustee✓ Correct
CGrantor, grantee, and lender
DBorrower, co-borrower, and lender
Explanation
A deed of trust involves the trustor (borrower), the beneficiary (lender), and the trustee (neutral third party who holds title). California uses deeds of trust rather than mortgages in most real estate transactions.
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