# Real Estate Exam [California] 26, Notes, Trust Deeds, and Mortgages

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-26-notes-trust-deeds-and-mortgages
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-26-notes-trust-deeds-and-mortgages.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-06-30T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/836138aa-0096-44d8-a896-c91de81bf32e.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-california-26-notes-trust-deeds-and-mortgages
Duration seconds: 186

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Why California overwhelmingly uses deeds of trust instead of mortgages and the three parties involved: trustor, beneficiary, and trustee. - The distinct functions of a promissory note as the evidence of debt and a deed of trust as the security instrument. - How the 'power of sale' clause enables non-judicial foreclosure, a key advantage for lenders in California. - The critical difference between an acceleration clause (triggered by default) and an alienation clause (triggered by sale or transfer). - The role of a reconveyance deed in clearing the title after a loan is paid off and the risks of deficiency judgments.

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## Transcript

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