Finance
A deed of trust used in Nebraska real estate financing differs from a mortgage in that:
AA deed of trust involves only two parties while a mortgage involves three
BA deed of trust allows non-judicial foreclosure while a mortgage typically requires judicial foreclosure✓ Correct
CA deed of trust cannot be used for residential property
DA deed of trust does not create a lien on the property
Explanation
In Nebraska, deeds of trust are commonly used because they allow non-judicial (trustee's sale) foreclosure, which is faster and less expensive than the judicial foreclosure process required for mortgages.
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