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In this tutorial, Joe from Prep Agent discusses the concept of a trustee, highlighting its varying relevance in different states and emphasizing the importance of checking local laws. He simplifies the topic using a relatable example, explaining that trust deeds involve three key parties: the trustor, the trustee, and the beneficiary. Joe identifies the trustor as an individual seeking a mortgage without sufficient funds, who approaches a bank for financial assistance. He stresses that understanding these three roles is crucial for grasping the basics of how trust deeds function.
