Property Ownership
A Wyoming property subject to a 'deed of trust' differs from a property subject to a 'mortgage' because in a deed of trust:
AThe borrower has no right of redemption
BA trustee holds legal title on behalf of the lender until the loan is repaid✓ Correct
CThe lender directly holds legal title to the property
DThere are only two parties to the deed of trust
Explanation
In a deed of trust, the borrower (trustor) transfers legal title to a neutral trustee who holds it for the benefit of the lender (beneficiary). The trustee can sell the property through non-judicial foreclosure upon default.
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