Which of the following statements is not correct?
a. A mortgage's priority is determined by the date on which it was executed, not recorded.
b. A mortgage instrument pledges the real estate as security for the loan
c. A Deed of Trust is given by the borrower (Trustor) to the Public Trustee
d. In Colorado, a Deed of Trust and a Promissory Note are executed at the same time
Ans: a. A mortgage's priority is determined by the date on which it was executed, not recorded.
Business
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