In a(n)________ transaction,the borrower keeps the title of his real property with a third party and in the event of default,the third party can sell the property so that the creditor can recover his loan.
A)strict foreclosure
B)land contract
C)deed of trust
D)equity of redemption

Question

Quizplus · Accepted Answer

In a deed of trust transaction,the borrower deeds to the trustee the property that is to be put up as security.The trust agreement usually gives the trustee the right to foreclose or sell the property if the debtor fails to make a required payment on the debt.

In A(n)________ Transaction,the Borrower Keeps the Title of His Real