Finance
What is the difference between a mortgage and a deed of trust?
AThere is no difference
BA mortgage has two parties; a deed of trust has three (borrower, lender, trustee)✓ Correct
CA deed of trust is only for commercial properties
DA mortgage is used only in California
Explanation
California primarily uses deeds of trust (3 parties: trustor/borrower, beneficiary/lender, trustee) rather than mortgages (2 parties). The trustee holds legal title until the loan is repaid.
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