Property Ownership
In Colorado, a homeowner who grants a 'deed of trust' to secure a loan is known as the:
AA. Beneficiary
BB. Trustor (grantor/borrower)✓ Correct
CC. Public Trustee
DD. Mortgagee
Explanation
In Colorado's deed of trust, the three parties are: (1) the Trustor (borrower/grantor) who conveys title to the trustee; (2) the Trustee (Colorado's county public trustee) who holds title; and (3) the Beneficiary (lender) who holds the note. The trustor is the homeowner who grants the deed of trust to secure the loan.
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