Escrow & Title
In North Carolina, the deed of trust is used instead of a mortgage. The deed of trust involves how many parties?
ATwo parties
BThree parties✓ Correct
CFour parties
DFive parties
Explanation
A deed of trust involves three parties: the borrower (trustor), the lender (beneficiary), and a neutral third-party trustee who holds bare legal title until the loan is repaid.
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