Escrow & Title
In Indiana, a deed of trust differs from a mortgage in that:
AA deed of trust involves two parties while a mortgage involves three
BA deed of trust involves three parties (borrower, trustee, lender) enabling non-judicial foreclosure in some states✓ Correct
CA deed of trust is not recorded
DA deed of trust is only used for commercial properties
Explanation
A deed of trust involves three parties: the borrower (trustor), a neutral third-party trustee, and the lender (beneficiary). Indiana primarily uses mortgages, which require judicial foreclosure. Deeds of trust are common in other states.
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