Florida Mortgage vs. Deed of Trust?

Answer Florida housing lenders employ mortgages and deeds of trust for property sales. However, the state of Florida does not require a deed of trust by law at the time of sale of property.

Top Q&A For: Florida Mortgage vs. Deed of Trust

What is the difference between a mortgage&a deed of trust?

A mortgage and deed of trust are similar because they are both used for the same purpose--to secure repayment of a loan used to purchase real property. However, a mortgage and deed of trust differ ... Read More »

Can i be foreclosed on if the mortgage company cannot produce the deed of trust?

Even in the event that a promissory note or deed of trust cannot be produced, the lender can still proceed with foreclosure by purchasing a surety bond, which can cost 1.5 to 2 percent of the value... Read More »

Is a Corporation Assignment Deed of Trust Legal in Florida?

When a lender makes a loan, there are always two documents involved: a promissory note and a security document for the note. The promissory note is the form that explains what the terms of the loan... Read More »

The Definition of a Special Warranty Deed and Deed of Trust in Texas?

A real estate sale in Texas commonly involves three documents: a deed, promissory note and deed of trust. The deed is the document used to convey title to the property from seller to buyer. Texas l... Read More »