Finance
In Virginia, which instrument is used instead of a mortgage to finance real property?
AWarranty deed
BDeed of trust✓ Correct
CQuitclaim deed
DDeed of bargain and sale
Explanation
Virginia is a deed of trust state. A deed of trust involves three parties: the borrower (trustor), the lender (beneficiary), and a neutral third-party trustee who holds title until the loan is repaid.
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