Escrow & Title
Wyoming uses which type of legal instrument when real property is used as collateral for a loan?
AMortgage only
BDeed of trust or mortgage✓ Correct
CLand contract exclusively
DQuitclaim deed
Explanation
Wyoming allows the use of either a deed of trust or a traditional mortgage as the security instrument for real property loans. Deeds of trust are commonly used because they allow non-judicial foreclosure.
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