Finance
A deed of trust in California involves three parties. Who are they?
ABuyer, seller, and escrow officer
BTrustor, trustee, and beneficiary✓ Correct
CMortgagor, mortgagee, and guarantor
DGrantor, grantee, and recorder
Explanation
In a California deed of trust, the trustor (borrower) conveys legal title to a neutral trustee who holds it for the benefit of the beneficiary (lender). If the borrower defaults, the trustee can conduct a non-judicial foreclosure sale.
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