Escrow & Title
In Montana, a deed of trust used in residential financing involves three parties. They are the:
ABuyer, seller, and real estate agent
BBorrower (trustor), lender (beneficiary), and neutral third party (trustee)✓ Correct
CBorrower, co-borrower, and mortgage insurer
DSeller, buyer's attorney, and escrow officer
Explanation
A Montana deed of trust involves three parties: the trustor (borrower) who conveys the property to the trustee, the trustee who holds naked legal title as security, and the beneficiary (lender) who holds the promissory note. If the borrower defaults, the trustee can foreclose non-judicially.
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