Finance
A deed of trust differs from a standard Pennsylvania mortgage in that:
AA deed of trust requires no collateral
BA deed of trust involves three parties — borrower, lender, and trustee — and allows non-judicial foreclosure✓ Correct
CPennsylvania does not recognize deeds of trust
DA deed of trust can only be used for commercial properties
Explanation
While deeds of trust are common in some states (allowing non-judicial foreclosure), Pennsylvania primarily uses the two-party mortgage structure (borrower and lender) with judicial foreclosure required. Some Pennsylvania lenders use mortgage instruments rather than deeds of trust.
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