In a Deed of Trust Transaction, the _____

question 25

Multiple Choice

In a deed of trust transaction, the _____.

• A) lender should sue the trustee in case of a deficiency
• B) surplus proceeds from a sale of property goes to the trustee
• C) lender sells the property at a judicial sale
• D) borrower deeds to the trustee the property that is to be put up as security

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Definitions:

Neutral Location

A place agreed upon by all parties involved where no one has a particular advantage or authority.

Daylight Hours

The period during a 24-hour day when the sun is above the horizon, providing natural light.

Formal Advocacy

The organized effort to influence decision-makers in order to bring about changes in policy, practice, or laws in favor of a specific cause or group.

Proposed Legislation

Laws or regulations that have been suggested and are under consideration by a legislative body.