Question

In a deed of trust state, the power of sale in the event of default is given from the:

A. Beneficiary to the trustee
B. Trustor to the trustee
C. Buyer to the seller
D. Trustee to the beneficiary

Answer 1

The power of sale in a deed of trust state is given from the beneficiary to the trustee.

Step-by-step explanation:

In a deed of trust state, the power of sale in the event of default is given from the beneficiary to the trustee.

A deed of trust is a legal document used in real estate transactions, often in states that follow the deed of trust system. It involves three parties: the borrower (also known as the trustor), the lender (also known as the beneficiary), and a neutral third party known as the trustee. The trustee is given the power of sale in the event of default, meaning they have the authority to sell the property and use the proceeds to satisfy the debt owed to the lender.