deed of trust


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Noun1.deed of trust - a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory notedeed of trust - a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
legal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some right
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
References in periodicals archive ?
In 6 percent of cases, the same deed of trust to a property was assigned to two or more different entities, raising questions about which of them actually had the right to foreclose.
For years, many states have had statutes that allow originating lenders to record a master-form mortgage or deed of trust in a given recording district, and then to record a short-form mortgage or deed of trust for each mortgage loan subsequently originated and recorded in that district.
Replacement property debt, for purposes of the netting rules, also includes a new deed of trust placed on the replacement property when acquired by the client.
The Deed of Trust can also cover who pays the mortgage, the building insurance and gas and electricity, it can also extend to the joint purchase of furniture and even how long guests can stay.
A deed of trust allows couples to state the proportion of their holdings in the house and the division of the property.
Such financing is typically secured by a leasehold deed of trust or mortgage.
Before embarking on a co-housing agreement, those involved should make sure they have drawn up a Deed of Trust, together with a power of sale.
Where a deed of trust is a "purchase money" mortgage or "land loan" and is recorded before work on an entire structure, the deed of trust is prior on the land and a mechanic's lien will be prior on the improvements.
While no borrower enters into a loan or deed of trust expecting to default, circumstances may change.