Finance
In Colorado, a 'public trustee' plays what role in a deed of trust foreclosure?
AThe public trustee is a private party appointed by the lender
BThe public trustee is a county official who holds title and conducts foreclosure sales✓ Correct
CThe public trustee represents the borrower in court proceedings
DThe public trustee insures the mortgage against default
Explanation
Colorado uses a unique public trustee system. Each county has a public trustee (a county official) who holds title under a deed of trust and conducts the non-judicial foreclosure sale when the borrower defaults.
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