Loan Documents


	Helping You Understand the Mortgage Process

Home

- Info/Resources -
Loan Jargon
Loan Programs
Loan Documents
Closing Costs
Credit Score
Property Taxes
Fixed vs. ARM
100% Financing
Stated Income
Ways of Holding Title
FHA
VA
Real Estate News
Calculators
FAQ

- Tools/Interactive -
Refinance
Application
Amortization
Newsletter
Contact Info

- Personal Info -
Your Loan Status

Deed of Trust

A Deed of Trust has three parties: The trustor (borrower), the trustee and the beneficiary (lender). The borrower transfers title to the property to a trustee for the duration of a loan. The trustee holds legal title. The trustor has equitable title.

When the trustor pays the debt, the trustee conveys a legal title to the owner by way of a deed of reconveyance. If the trustor violates the terms of the mortgage, the trustee has the power to sell the property.

Back to Understanding Loan Documents

Looking for a specific mortgage term? Click Here to search our Jargon dictionary.

Looking to Advertise in this location? Contact Us for rates