Deed of Trust With Note Secured By Deed of Trust



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A Deed of Trust (also called a trust deed) isn’t like the other types of deeds; it is not used to transfer property. It’s really just a version of a mortgage.

A Deed of Trust is essentially an agreement between a lender and a borrower to give the property to a neutral third party who will serve as a trustee. The trustee holds the property until the borrower pays off the debt. The note lays out all the terms of the loan (repayment, interest, penalties, etc.).