Parties to a deed of trust are mortgagor/trustee/mortgagee. Correct option is D.
A deed of trust (also known as a trust deed) is a legal document that is sometimes used in real estate financing instead of a mortgage. Deeds of trust give a third party, such as a bank, escrow company, or title company, legal title to a property to hold until the borrower repays the lender.
Only a few states permit the use of deed of trust and mortgages. Deeds of trust are used instead of mortgages, but there are differences between these arrangements.
There are only two parties involved in a mortgage: the borrower and the lender. A deed of trust adds another party, a trustee, who holds the title to the home until the loan is repaid.
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