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:
“You can’t trust God to be unmerciful.
There you have the beginning of all wisdom.”
—Robert Frost (1874–1963)
“Cry “havoc!” and let loose the dogs of war,
That this foul deed shall smell above the earth
With carrion men, groaning for burial.”
—William Shakespeare (1564–1616)