Deed Of Trust Financial Glossary

What is it? A three-party document conveying interest in property, almost always real estate, to a trustee. In many states, deeds of trust are used instead of mortgages. In those states, the trustee holds the deed in favor of the lender and then reconveys the title to the borrower when the loan is paid in full. Sometimes called a trust deed.

Finance Term Definition Added By: Kaitlyn

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