Property Ownership
In Colorado, a deed of trust differs from a traditional mortgage in that:
AA deed of trust is only for commercial properties
BA deed of trust involves three parties while a mortgage has two parties✓ Correct
CA deed of trust always requires court action for foreclosure
DMortgages cannot be used in Colorado
Explanation
A deed of trust involves three parties: the trustor (borrower), the trustee (usually the county public trustee in Colorado), and the beneficiary (lender). A mortgage involves only two parties: the mortgagor (borrower) and the mortgagee (lender).
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