Escrow & Title
In California, a deed of trust involves three parties. Who are they?
ABuyer, seller, and escrow officer
BTrustor (borrower), trustee, and beneficiary (lender)✓ Correct
CGrantor, grantee, and recorder
DMortgagor, mortgagee, and title company
Explanation
In a California deed of trust: the trustor (borrower) conveys bare legal title to a trustee (neutral third party) to hold as security for the loan for the benefit of the beneficiary (lender). This three-party arrangement allows for non-judicial foreclosure.
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