What Is Deed of Trust?
A deed of trust secures a loan against real property using three parties — borrower, lender, and a neutral trustee who holds legal title until the loan is paid off — used instead of a mortgage in many states, mainly because it allows faster non-judicial foreclosure.
Most useful for: Repeat Buyer · Homeowner
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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