Property Ownership
In Iowa, a trust deed used in a real estate transaction involves which three parties?
AGrantor, grantee, and notary
BTrustor, trustee, and beneficiary✓ Correct
CMortgagor, mortgagee, and guarantor
DSeller, buyer, and escrow agent
Explanation
Although Iowa primarily uses mortgages, a trust deed involves three parties: the trustor (borrower), the trustee (neutral third party holding title), and the beneficiary (lender). Iowa's judicial foreclosure state status makes mortgages the dominant instrument.
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