Question

When the sellers are lending part of the purchase price, they may secure the debt either with a deed of trust or a mortgage. for the seller, one benefit of the deed of trust is that:________

Answer 1

When the sellers are lending part of the purchase price, they may secure the debt either with a deed of trust or a mortgage. For the seller, one benefit of the deed of trust is that foreclosure is usually simpler and faster.

Foreclosure is the process by which the lender retakes the  real estate when a borrower defaults on a home loan.

In the  states which allow the use of a deed of trust as opposed to a mortgage agreement, most of the  homes are foreclosed through a process called non-judicial foreclosure.

Non-judicial foreclosure occurs outside the court system, and is usually much faster and cheaper than judicial foreclosure.

Defending against non-judicial foreclosure in court is difficult because  usually one must show the court that he will be able to afford to pay off the loan if it is reinstated.

To know more about foreclosure here:

brainly.com/question/3601465

#SPJ4