Trust Deeds Basics
 |
At this point you know that a trust deed is one of the safest investments you can make that offers you a high return, but what exactly is a trust deed? A trust deed, or deed of trust is a document that is used to secure the debt on a home acting as a mortgage. A trust deed is recorded as a lien on real property. However, although a deed of trust acts like a mortgage, it is important that you understand there are differences between a mortgage and a deed of trust. These differences will be discussed later on in this chapter.
A trust deed is used as security for a loan on real property, and the specifics regarding the loan are written in a promissory note. A deed of trust is then documented at the county recorder’s office to legally notify the world that the property in question has now been pledged to secure a loan.
There are three parties involved in a trust deed:
- Beneficiary – Investor/Lender/note holder
- Trustor – Borrower
- Trustee – Third party selected by the investor who has the legal power to act on the investors behalf and hold title until the note has been paid.
Related posts:
- Trust Deed Buyers Info
- Coppercrest Funding & Trust Deed Investing
- Introduction To Deed Of Trust Investments
No Comments »
RSS feed for comments on this post.
| TrackBack URI
You can also bookmark
this on del.icio.us or check the cosmos
Leave a comment
You must be logged in to post a comment.