Question

There was a second trust deed for 5000 dollars. The holder sold it to a friend for 3500. In the language of real estate practice, this would be known as

Answer 1

In real estate practice, when the holder of a trust deed sells it to a friend for a lower amount, it is known as an assignment.

Step-by-step explanation:

In real estate practice, when the holder of a trust deed sells it to a friend for a lower amount, it is known as an assignment. So, in this case, the sale of the second trust deed for $3,500 would be called an assignment.