The document that constitutes a power to foreclose upon collateral and apply its value to satisfaction of the underlying debt, is called
A)a note.
B)a deed of trust.
C)a mortgage.
D)both b and c

Question

The document that constitutes a power to foreclose upon collateral and apply its value to satisfaction of the underlying debt, is called​
A)a note.
B)a deed of trust.
C)a mortgage.
D)both b and c

Quizplus · Accepted Answer

A deed of trust and a mortgage both serve as security instruments for loans, allowing the lender to foreclose on the property if the borrower defaults on the loan.

The Document That Constitutes a Power to Foreclose Upon Collateral