Consumer Protection- Discussion post 5 Assignment

Consumer Protection- Discussion post 5 - Assignment Example On the other hand, a mortgage has two parties, which include the borrower and the lender. In an instance where the borrower is unable to pay, in mortgage the foreclosure and sale of the property have to use the judicial process (Vobeckà ¡, Kosteleckà ½, & Lux, 2014). The lender files the lawsuit. In a deed of trust, however, in case the borrower fails to pay, the home can be auctioned. This method does not use the courts, and the trustee is the one who auctions the home (Super, 2013). The deed of trust is more efficient and faster since it does not involve a judicial process. Different states have different laws on deeds of trust, and thus one may need to review such rules before deciding on which to use. Epstein, R. A. (2014). Public accommodations under the civil rights act of 1964: why freedom of association counts as a human right. Stanford Law Review, 66(6), 1241-1291. Retrieved from http://search.proquest.com/docview/1548675357?accountid=45049 Vobeckà ¡, J., Kosteleckà ½, T., & Lux, M. (2014). Rental housing for young households in the Czech Republic: Perceptions, priorities and possible solutions*. Sociologicky Casopis, 50(3), 365-390. Retrieved from