What is a deed of trust?

In Loans - Mortgages - Asked by Admin - 13 months ago

A deed of trust is used in some states as a replacement for a mortgage to secure the payment of a note. There are three parties involved- the borrower, trustee and lender. The borrower transfers the legal title to the trustee who holds in the property in trust as security for payment of the debt. If payments are made as promised the deed of trust is then void.

Answered by Admin - 13 months ago

Tags: deed of trust , mortgage, mortgages, loan, loans, what is a deed of trust?

Related Questions

What is cash out refinancing?

In Loans - Mortgages - Asked by Admin - 8 months ago

What is a Defective Title?

In Loans - Mortgages - Asked by Admin - 13 months ago

What is "levying taxes"?

In Debt - Tax Debt - Asked by Admin - 3 months ago

If you are purchasing a home you will probably need a Mortgage. Mortgages are typically for home purchases and can be for new loans or refinances. Typically people refinance a home to take equity out of their homes or secure a lower interest rate. Interest rates affect mortgages. If you have mortgage questions such as "what is a deed of trust?" or need help or answers Zuuply.com can help.

Sponsors

What is a deed of trust?

Related Questions