Escrow & Title
A deed of trust in West Virginia differs from a mortgage primarily because:
AA deed of trust requires court action to foreclose while a mortgage does not
BA deed of trust involves a trustee and allows non-judicial foreclosure; a traditional mortgage typically requires judicial foreclosure✓ Correct
CA mortgage is used for commercial property and a deed of trust for residential
DA deed of trust is recorded while a mortgage is not
Explanation
In WV, a deed of trust involves the borrower (trustor), the lender (beneficiary), and a neutral trustee. Upon default, the trustee can foreclose through a non-judicial (trustee's sale) process, which is typically faster than court-supervised mortgage foreclosure.
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