Escrow & Title
A deed of trust differs from a mortgage in that a deed of trust involves:
AOnly one party — the borrower
BThree parties: the borrower (trustor), lender (beneficiary), and a neutral trustee who holds legal title✓ Correct
CTwo parties: buyer and seller only
DA government guaranty of the loan
Explanation
A deed of trust involves three parties: the trustor (borrower), beneficiary (lender), and a trustee who holds legal title to the property as security. Indiana primarily uses mortgages, which involve only two parties.
Related Indiana Escrow & Title Questions
- An Indiana homeowner who loses their title to a forged deed discovered years after purchase would be protected by:
- An Indiana title company's commitment to insure title is issued after which step in the closing process?
- A deed in lieu of foreclosure allows a borrower in default to:
- An Indiana deed is considered delivered when:
- A mechanic's lien may be filed against property by:
- A quiet title action in Indiana is a court proceeding used to:
- A quitclaim deed conveys:
- In Indiana, when does title to property legally transfer from seller to buyer?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →