deed of trust (Meaning)
Wordnet
deed of trust (n)
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
Synonyms & Antonyms of deed of trust
No Synonyms and anytonyms found
deed of trust Sentence Examples
- When purchasing a home, the buyer signs a deed of trust to secure the loan with the property.
- The deed of trust serves as collateral for the mortgage lender.
- The deed of trust outlines the terms and conditions of the loan agreement.
- In a deed of trust arrangement, the borrower transfers legal title to a trustee until the loan is repaid.
- The deed of trust provides protection for both the borrower and the lender.
- An attorney typically drafts the deed of trust to ensure legal compliance.
- Failure to repay the loan according to the terms outlined in the deed of trust can result in foreclosure.
- Once the loan is paid off, the trustee releases the deed of trust, returning legal title to the borrower.
- The deed of trust is recorded with the county clerk's office to create a public record of the mortgage lien.
- The deed of trust is an essential document in real estate transactions involving financing.
FAQs About the word deed of trust
a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
No synonyms found.
No antonyms found.
When purchasing a home, the buyer signs a deed of trust to secure the loan with the property.
The deed of trust serves as collateral for the mortgage lender.
The deed of trust outlines the terms and conditions of the loan agreement.
In a deed of trust arrangement, the borrower transfers legal title to a trustee until the loan is repaid.
