Practice Quiz

California Real Estate Exam

Category - California

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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:
  1. Trustor of the first trust deed
  2. Trustor of the second trust deed
  3. Beneficiary of the first trust deed
  4. 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”.
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