Multiple Choice
Which of the following is true of a deed of trust?
A) The creditor may sell the property through an auction without a court order upon default.
B) The trustee becomes responsible for the payment mortgage upon default.
C) It conveys title to the property to a disinterested third-party.
D) The trustee holds the property in trust for the benefit of the debtor.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Explain any one duty of a
Q3: The mortgage contract must follow the same
Q4: The rights of the mortgagee under the
Q5: A mortgagee has the duty to pay
Q6: A person who holds a mortgage as
Q7: If a mortgagor wishes to pay off
Q8: Which of the following is true of
Q9: The mortgagee has the duty to take
Q10: When a property is subject to a
Q11: When a mortgage is assigned: <br>A)the assignee