Escrow & Title
In NC, a deed of trust involves how many parties?
ATwo (borrower and lender)
BThree (borrower/trustor, lender/beneficiary, and trustee)✓ Correct
CFour (borrower, lender, trustee, and closing attorney)
DTwo (borrower and trustee)
Explanation
A deed of trust involves three parties: the borrower (trustor/grantor) who conveys title to a neutral third party (trustee), who holds it for the benefit of the lender (beneficiary). If the borrower defaults, the trustee can sell the property via power of sale foreclosure.
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