Following are deed forms,
deed of trust forms, and mortgages forms for all states. A
deed of trust involves a third party called a trustee. The
trustee is usually a title insurance company who acts on behalf of
the lender When you sign a deed of trust, you are, in effect,
giving a trustee title (ownership) of the property, but you hold the
rights and privileges to use and live in, or on, the property.
The trustee holds the original deed for the property until you repay
the loan. Unlike a mortgage, a deed of trust also gives the
trustee the right to foreclose on your property without first taking
you to court. |
