What document grants the trustee power of sale as security for a loan when purchasing a home?

The correct answer is the document that specifically grants the trustee the power of sale as security for a loan when purchasing a home is the Deed of Trust. A Deed of Trust involves three parties: the borrower (trustor), the lender (beneficiary), and an independent third party (trustee). When the borrower secures a loan, the Deed of Trust conveys the property to the trustee, who holds it as security for the loan.

In the event that the borrower defaults on their loan obligations, the trustee has the authority to sell the property through a non-judicial foreclosure process, which is more streamlined than judicial foreclosure. This is vital because it enables lenders to recover their investment more quickly and efficiently, protecting both their interests and the overall health of the lending system.

The other options do not fulfill this specific function. A Trustee's Deed is typically used to transfer ownership of property after a foreclosure sale, a Uniform Real Estate Contract outlines the terms of a sale but does not provide security for the loan, and a Mortgage is another form of securing a loan but involves the lender holding a lien on the property without a trustee or the power of sale feature that comes as part of a Deed of Trust. Therefore, the Deed