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— deed of trust : an instrument securing a debt in which a debtor conveys the legal ownership of real property to a trustee to be held in trust for the benefit of the creditor or to be sold upon the debtor's default to pay the debt : a mortgage with a power of sale called als...
deed of trust I am a trustee for a public open space which has been enjoyed since the seventeenth century under adeedoftrust. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 ...
If the borrower stops paying the loan, for example, the trustee has the legal right to take full control of the property. The trustee’s job is to correct the default and repay the lender. To do this, the trustee may have to sell the home — and in most deeds of trust, it has th...
one joint owner to the other when there is little question about existing ownership, or just to clear the title. This is not to be confused with a deed of trust which is a form of mortgage. 2) v. to transfer title by a written deed. (See:conveyance,warranty deed,deed of trust) ...
Who keeps the original deed of trust? * Deed of trust. This is the mortgage document. As you stated in your question, it is recorded among the land records, andyour lenderkeeps the original. When you pay off the loan, the lender will return the deed of trust with the promissory note....
2. A deed poll is not, strictly speaking, an agreement between two persons; but a declaration of some one particular person, respecting an agreement made by him with some other person. For example, a feoffment from A to B by deed poll, is not an agreement between A and B, but rather...
Deed of Trust: A Deed of Trust provides a lender quick recourse if a loan goes into default. Deeds of Trust usually provide for a quick, non-judicial foreclosure process. There are also Tax Deeds, Gift Deeds, and Deeds in Lieu of Foreclosure. ...
(In the context of utilising 'deed' as a form of legal document to signify ownership of something) 2) By returning his lost wallet you have performed an exemplarydeedof upholding your personal sincerity and integrity. (In the context of an action performed that either intentionally or consciousl...
Real-World Example of a Trust Deed A short-formdeed of trust document used in Austin County, Texas, covers the requirements for most lenders. The form begins with a definition of terms and spaces for the borrower, lender, and trustee to fill in their names. The amount being borrowed and ...