Escrow & Title
In Kansas, a 'deed of trust' used in some transactions differs from a mortgage in that a deed of trust involves:
ATwo parties: the borrower and lender
BThree parties: the borrower (trustor), a neutral third party (trustee), and the lender (beneficiary)✓ Correct
CThe government as the trustee
DA court approval process for every transfer
Explanation
A deed of trust involves three parties — the borrower conveys title to a trustee who holds it as security for the lender (beneficiary). In Kansas, mortgages with the two-party structure are more common.
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