Deed of trust or Mortgage
Many clients own real property which are encumbered with a deed of trust. In other words, a person owns a home that was purchased with the assistance of a bank-issued loan. The following are some basic questions that address the rudimentary features of a deed of trust. 1. What is a deed of trust? A deed of trust is a financing instrument where the borrower pledges real property, the security, in exchange for a loan from the lender in order for the borrower to satisfy the unpaid purchase price of...
Published By: Justia - Thursday, 16 February