Question 1

Who must sign the reconveyance of a deed of trust?

Accepted Answer

A)  Beneficiary 
B)  Trustor 
C)  Trustee 
D)  Grantee 
A)  Beneficiary 
B)  Trustor 
C)  Trustee 
D)  Grantee

Question 2

The title that the borrower grants to the trustee is sometimes called ____________________ or ____________________ title.

Accepted Answer

The answer of The title that the borrower grants to...

Question 3

Under a deed of trust, the lender is known as the ____________________.

Accepted Answer

The answer of Under a deed of trust, the lender...

Question 4

The borrower under a deed of trust is called the beneficiary.

Accepted Answer

A) True 
 B)False

Question 5

Choose the one most appropriate answer for each.
-a clause in a deed of trust that gives the trustee the right to conduct a foreclosure sale without first going to court

Accepted Answer

A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor 
A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Question 6

The presence of a power of sale right prohibits the trustee from using a court-ordered foreclosure.

Accepted Answer

A) True 
 B)False

Question 7

Under a deed of trust the borrower is known as the ____________________.

Accepted Answer

The answer of Under a deed of trust the borrower...

Question 8

A deed of trust can never be foreclosed judicially.

Accepted Answer

A) True 
 B)False

Question 9

Choose the one most appropriate answer for each.
-title in a legal sense only and without the usual rights of ownership

Accepted Answer

A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor 
A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Question 10

A deed for reconveyance would be signed by the

Accepted Answer

A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  grantee. 
A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  grantee.

Question 11

A newly recorded trust deed

Accepted Answer

A)  conveys the entire estate to the grantee. 
B)  always allows a deficiency judgement. 
C)  establishes a voluntary lien. 
D)  conveys title superior to a quitclaim deed. 
A)  conveys the entire estate to the grantee. 
B)  always allows a deficiency judgement. 
C)  establishes a voluntary lien. 
D)  conveys title superior to a quitclaim deed.

Question 12

Choose the one most appropriate answer for each.
-a document that conveys legal title to a neutral third party as security for a debt

Accepted Answer

A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor 
A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Question 13

The basic purpose of the deed of trust is the same as a mortgage.

Accepted Answer

A) True 
 B)False

Question 14

The borrower under a deed of trust arrangement is called the

Accepted Answer

A)  trustor. 
B)  beneficiary. 
C)  trustee. 
D)  holder in due course. 
A)  trustor. 
B)  beneficiary. 
C)  trustee. 
D)  holder in due course.

Question 15

A trustor's relationship to a beneficiary is most nearly the same as a

Accepted Answer

A)  grantor to a grantee. 
B)  beneficiary to a trustee. 
C)  buyer to a seller. 
D)  mortgagor to a mortgagee. 
A)  grantor to a grantee. 
B)  beneficiary to a trustee. 
C)  buyer to a seller. 
D)  mortgagor to a mortgagee.

Question 16

When a loan is secured by deed of trust, the promissory note is held by the

Accepted Answer

A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  grantee. 
A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  grantee.

Question 17

A deed given as security for the loan against real estate is known as

Accepted Answer

A)  a trust deed. 
B)  illegal consideration. 
C)  usury. 
D)  hypothecated. 
A)  a trust deed. 
B)  illegal consideration. 
C)  usury. 
D)  hypothecated.

Question 18

Choose the one most appropriate answer for each.
-the process of selling the mortgaged property allowed under the deed of trust

Accepted Answer

A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor 
A) accepted form 
B) assignment of rents 
C) automatic form 
D) bare title 
E) beneficiary
F)deed of trust
G)default
H)foreclosure
I)junior claims
J)naked title
K)no statutory redemption
L)power of sale
M)public trustee
N)reconveyance deed
O)release deed
P)request for reconveyance
Q)trust
R)trustee
S)trustee's deed
T)trustor

Question 19

When the debt is paid off the lender sends to the trustee the note, the deed of trust and a request for ____________________.

Accepted Answer

The answer of When the debt is paid off the...

Question 20

A deed of trust conveys naked title to the

Accepted Answer

A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  escrow officer. 
A)  beneficiary. 
B)  trustor. 
C)  trustee. 
D)  escrow officer.

Exam 9: Deed of Trust

Who must sign the reconveyance of a deed of trust?

The title that the borrower grants to the trustee is sometimes called ____________________ or ____________________ title.

Under a deed of trust, the lender is known as the ____________________.

The borrower under a deed of trust is called the beneficiary.

Choose the one most appropriate answer for each. -a clause in a deed of trust that gives the trustee the right to conduct a foreclosure sale without first going to court

The presence of a power of sale right prohibits the trustee from using a court-ordered foreclosure.

Under a deed of trust the borrower is known as the ____________________.

A deed of trust can never be foreclosed judicially.

Choose the one most appropriate answer for each. -title in a legal sense only and without the usual rights of ownership

A deed for reconveyance would be signed by the

A newly recorded trust deed

Choose the one most appropriate answer for each. -a document that conveys legal title to a neutral third party as security for a debt

The basic purpose of the deed of trust is the same as a mortgage.

The borrower under a deed of trust arrangement is called the

A trustor's relationship to a beneficiary is most nearly the same as a

When a loan is secured by deed of trust, the promissory note is held by the

A deed given as security for the loan against real estate is known as

Choose the one most appropriate answer for each. -the process of selling the mortgaged property allowed under the deed of trust

When the debt is paid off the lender sends to the trustee the note, the deed of trust and a request for ____________________.

A deed of trust conveys naked title to the

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The title that the borrower grants to the trustee is sometimes called or title.