deed of trust definition: What is a Deed of Trust - Deed of Trust Definition
- 01/04/17 11:35 AM
What is a Deed of Trust?A deed of trust (also know as trust deed) is a deed (piece of paper usually recorded at the county) that gives legal title to real estate to a trustee. It secures the note (Mortgage).There are three parties to this type of title. They are: The Trustor (Borrower), Beneficiary (Lender) and a Neutral 3rd part called the Trustee. They are written so that the lender gives money to the borrower to purchase a real property (home) and the borrower signs a deed of trust giving the power of sale for property to the natural 3rd party trustee to … (0 comments)
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What is a Deed of Trust?A deed of trust (also know as trust deed) is a deed (piece of paper usually recorded at the county) that gives legal title to real estate to a trustee. It secures the note (Mortgage).There are three parties to this type of title. They are: The Trustor (Borrower), Beneficiary (Lender) and a Neutral 3rd part called the Trustee. They are written so that the lender gives money to the borrower to purchase a real property (home) and the borrower signs a deed of trust giving the power of sale for property to the natural 3rd party trustee to … (0 comments)
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