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

Question

Quizplus · Accepted Answer

In a deed of trust transaction, the borrower deeds to the trustee 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 borrower fails to make a required payment on the debt.

In a Deed of Trust Transaction, the _____