Trust Deed (real Estate)
In real estate in the United States, a deed of trust or trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title title remains with the borrower. The borrower is referred to as the trustor, while the lender is referred to as the beneficiary of the deed of trust.
Read more about Trust Deed (real Estate): Overview, Power of Sale and Trustee's Sale, Terminology
Famous quotes containing the words trust and/or deed:
“To long for that which comes not. To lie a-bed and sleep not. To serve well and please not. To have a horse that goes not. To have a man obeys not. To lie in jail and hope not. To be sick and recover not. To lose one’s way and know not. To wait at door and enter not, and to have a friend we trust not: are ten such spites as hell hath not.”
—John Florio (c. 1553–1625)
“Ere the bat hath flown
His cloistered flight, ere to black Hecate’s summons
The shard-born beetle with his drowsy hums
Hath rung night’s yawning peal, there shall be done
A deed of dreadful note.”
—William Shakespeare (1564–1616)