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