PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

California Real Estate Exam

Category - California

Start a Study Session Sign up for Question of the Day

When a new first trust deed and second trust deed are created at the time of sale on a property and a “Request for Notification of Default” is recorded at the close of escrow, it is done for the protection of the:

Trustor of the first trust deed
Trustor of the second trust deed
Beneficiary of the first trust deed
Beneficiary of the second trust deed

Explanation

Answer: D. The beneficiary lender on the second trust deed wants to know of any pending foreclosure in order to protect their interest. This is done with the “request notice of default”.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

California Real Estate Exam

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

California Real Estate Exam

Top questions

Related questions

Most popular on PracticeQuiz