Deed Of Trust
The definition for Deed Of Trust:
An instrument used in many states in place of a mortgage. Property is transferred to a trustee by the borrower (trustor) in favor of the lender (beneficiary), and reconveyed upon payment in full.
All inclusive Trust Deed (wrap around mortgage)All inclusive Trust Deed (wrap around mortgage)
A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced.
D Declaration Of TrustD Declaration Of Trust
A written acknowledgement by one holding legal title to property that the property is held in trust for the benefit of another.
A person who holds title in trust for the benefit of another. In a deed of trust, the trustee is the person named to hold title in trust for the benefit of the lender until the loan is paid off.
Further Suggestions Trustee In Bankruptcy
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