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trust deed is a legal document that outlines an agreement between a borrower and a lender. It is used in real estate transactions to secure a loan by granting the lender a legal claim or "lien" on the property until the loan is fully paid off. This ensures that the lender has a way to recoup their money if the borrower fails to repay the loan.
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«trust»
«deed»
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- Or maybe I'm just thinking of trust deeds in terms of like a land trust...? (biggerpockets.com)
- Although double - digit returns on trust deed investments that mortgage brokers present may sound tempting, you should still be wary. (trustdeedinvestment.org)
- Contact us for advice about whether your belongings are likely to be treated as assets in a protected trust deed. (nationaldebtline.org)
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