Escrow & Title
In California, a deed of trust involves three parties. Who are they?
ABuyer, seller, and escrow holder
BTrustor (borrower), beneficiary (lender), and trustee✓ Correct
CGrantor, grantee, and recorder
DMortgagor, mortgagee, and notary
Explanation
A deed of trust has three parties: the trustor (borrower) who conveys bare legal title to the trustee as security; the beneficiary (lender) who holds the beneficial interest; and the trustee (neutral third party, often a title company) who holds legal title and has the power of sale in the event of default.
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