What is a second trust deed?

Answer When you obtain a loan that is secured by your real estate, some states use a document called a "deed of trust" that is recorded against your property. If you have two loans, there will be two deed... Read More »

Top Q&A For: What is a second trust deed

What is the difference between a deed of trust and a warranty deed?

A deed is a document that conveys some type of legal interest in a parcel of real property. Warranty deeds and deeds of trust differ in the types of interests they convey.General FunctionA warranty... 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 »

What is a trust deed?

A trust deed is a document that pledges real property to secure a loan. It is used by certain states instead of a mortgage. A trust deed is often referred to as a deed of trust.ProcessThe owner of ... Read More »

What is the definition of a deed of trust?

Some states use a document called a deed of trust instead of a mortgage. A third party, referred to as a trustee, acts on behalf of the lender. The trustee holds the title while the homeowner holds... Read More »