Finance
In Nevada, a deed of trust differs from a mortgage primarily because:
AA deed of trust does not create a lien on the property
BA deed of trust involves three parties: borrower, trustee, and beneficiary (lender)✓ Correct
CA deed of trust requires court foreclosure proceedings
DA deed of trust is only used for commercial properties
Explanation
A deed of trust involves three parties — the trustor (borrower), the trustee (neutral third party), and the beneficiary (lender). Nevada primarily uses deeds of trust, which allow for non-judicial (trustee's sale) foreclosure.
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