A mortgage instrument widely used across the United States involving 3 parties, the lender or beneficiary, the borrower or trustor, and and independant stake holder or trustee The trust deed is the security instrument for the note or debt
Just as with a mortgage, this is a legal document by which a borrower pledges certain real property or collateral as guarantee for the repayment of a loan
An instrument used to create a mortgage gage lien by which the borrower conveys title to a trustee, who holds it as security for the benefit of the note holder (the lender); also called a deed of trust
is the document setting out the rules and responsibilities of the cast of characters in a unit trust It will probably be in legal jargon, have many pages, and be difficult to get hold of However, it's not a bad idea to get a copy to thumb through it at your leisure You can never have too much information Back to top
Also called a deed of trust A legal document in which title to property is transferred to a third-party trustee as security for an obligation owed by the trustor (borrower) to the beneficiary (lender) A trust deed is similar to a mortgagethe main difference is that it involves three parties When a borrower repays the note secured by a trust deed, the trustee must reconvey title back to the borrower by way of a deed of reconveyance (See deed of reconveyance)
The instrument given by a borrower (trustor) to a trustee vesting title to a property in the trustee to ensure the borrowers fulfillment of an obligation A mortgage
A deed by which the trustor conveys his title to a trustee to be held in trust and security to borrow money
Transfer by a debtor of assets to an Insolvency Practitioner for the benefit of the debtor's creditors
An instrument used to create a mortgage lien by which the mortgagor conveys his or her title to a trustee who holds it as security for the benefit of the note holder (the lender) Also called deed of trust
An instrument which secures the payment of a debt Distinguished from a mortgage in that the title is transferred to, and held by, a trustee for the benefit of the holder of the debt
a document conveying title to trust property to the trustee and setting out the purposes for which a trust has been formed, the rights and obligations of the trustee, of the trust's manager and of the trust's beneficiaries
>> An instrument used in many states in place of a mortgage Grants an interest in the property as collateral for a loan and, when recorded with the county, creates a lien having priority over later-filed mortgages or trust deeds
An instrument which transfers (conveys) the bare legal title of a property to a trustee to be held pending fulfillment of an obligation, usually the repayment of a loan to a beneficiary
The instrument given by a borrower to a trustee vesting title to a property in the trustee as security for the borrower's fulfillment of an obligation (see deed of trust )
The legal document which sets out the rules governing the operation of a super fund Members are entitled to view a copy of the trust deed, although they may be charged a reasonable fee to be sent a copy
A deed given by a borrower to a trustee to be held pending fulfillment of an obligation, which is ordinarily repayment of a loan to a beneficiary
The instrument given by a borrower (trustor) to a trustee vesting title to a property in the trustee as security for the borrower's fulfillment of an obligation See also "Deed of Trust"
Like a mortgage, a security instrument whereby real property is given as security for a debt However, in a deed of trust there are three parties to the instrument: the borrower, the trustee and the lender (or beneficiary) In such a transaction, the borrower transfers the legal title for the property to the trustee who holds the property in trust as security for the payment of the debt to the lender or beneficiary If the borrower pays the debt as agreed, the deed of trust becomes void If, however, he defaults in the payment of the debt, the trustee may sell the property at a public sale, under the terms of the deed of trust In most jurisdictions where the deed of trust is in force, the borrower is subject to having his property sold without benefit of legal proceedings A few States have begun in recent years to treat the deed of trust like a mortgage
A legal document in which the borrower conveys the title to a 3rd party (trustee) to hold as security for the lender When the loan is paid in full the trustee reconveys the deed to the borrower If the borrower defaults on the loan the trustee will sell the property and pay the lender the mortgage debt
A legal document that conveys title to real property to a third party The third party holds title until the owner of the property has repaid the debt in full
In some states, the document used in place of a mortgage It is a conveyance of the title to land to a trustee as collateral for security of payment of a debt with the condition that the trustee reconveys the title upon the payment of the debt In the event of default on the part of the debtor, the trustee has the power to sell the land and satisfy the debt
An instrument used in many states in place of a mortgage Property is transferred to a trustee by the borrower (trustor) in favor of the lender (beneficiary), and reconveyed upon payment in full
A document, used in many states in place of a mortgage, held by a trustee pending repayment of the loan The advantage of a deed of trust is that the trustee does not have to go to court to proceed with foreclosure should the borrower default on the loan
In some states, this is used in place of a mortgage or deed to secure debt While there are only two people involved in a mortgage, the borrower and the lender, there are three people involved in a deed of trust: the borrower, the lender and the trustee Here, the borrower transfers the legal title for the property to the trustee who holds the property as a security for the debt If the borrower pays the mortgage as agreed, the trustee gives the legal title to the owner If the borrower does not pay the mortgage as agreed, the trustee can sell the property (See Mortgage)
A written instrument that conveys or transfers property to a trustee Property is transferred by the borrower to a trustee, who holds it as security for the payment of debt, and upon full payment of the debt is reconveyed to the borrower In some states, a deed of trust is used in place of a mortgage
In some states, this document is used in place of a mortgage Property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary), and reconveyed upon payment in full
An instrument used in many states in place of a mortgage by which real property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary), to secure repayment of a debt
A document by which the title to the property is pledged as security for the repayment of a loan It involves three parties: the borrower, the trustee, and the lender (or beneficiary) The borrower transfers the legal title for the property to the trustee who holds the property in trust as security for the payment of the debt to the lender or beneficiary
>> A security instrument used in some states in place of a mortgage by which legal title is conveyed to one or more trustees to secure the repayment of a debt
In some sates, this is used in place of a mortgage or a deed to secure debt While there are only two people involved in a mortgage, the borrower and the lender, there are three people involved in a deed of trust: the borrower, the lender and the trustee Here, the borrower transfers the legal title for the property to the trustee who holds the properly as a security for the debt If the borrower pays the mortgage as agreed, the trustee gives the legal title to the owner If the borrower does not pay the mortgage as agreed, the trustee can sell the property
in some states a document used in place of a mortgage; a type of security instrument in which the borrower conveys title to real property to a third party to be held in trust as security for the lender, with the provision that the trustee shall reconvey the title upon the payment of the debt, and conversely, will sell the land and pay the debt in the event of a default by the borrower
Used in many states in lieu of a mortgage to secure the payment of a note In a deed of trust there are three parties - the borrower, the trustee, and the lender, (or beneficiary) In such a transaction, the borrower transfers the legal title for the property to the trustee who holds the property in trust as security for the payment of the debt to the lender or beneficiary If the borrower pays the debt as agreed, the deed of trust becomes void If, however, he/she defaults in the payment of the debt, the trustee may sell the property without a court proceeding
An instrument used in many states in place of a mortgage Property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary) and reconveyed upon payment in full
trust deed
التركية النطق
trʌst did
النطق
/ˈtrəst ˈdēd/ /ˈtrʌst ˈdiːd/
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[ 'tr&st ] (noun.) 13th century. Middle English, probably of Scandinavian origin; akin to Old Norse traust trust; akin to Old English trEowe faithful; more at TRUE.