any claim behind a first lien what the trustee issues to the borrower; also known as a reconveyance deed a three party arrangement involving a trustor, trustee, and beneficiary the trustee is notified in advance and either accepts or rejects the appointment the process of selling the mortgaged property allowed under the deed of trust title that the borrower grants to the trustee, also known as naked title the beneficiary's request to the trustee to deed the secured property to the trustor the lender's right to take possession and collect rents in the event of loan default 1. deed of trust 2. trustor 3. beneficiary trustee 5. reconveyance deed 6. public trustee 7. automatic form