Back to Glossary
Deed of Trust
Updated
January 19, 2023
A Deed of Trust is a sort of secured real-estate transaction that is used in some states instead of mortgages. A trust deed consists of three parties: a lender, a borrower, and a trustee. The lender lends money to the borrower. In exchange, the borrower hands over one or more promissory notes to the lender.
Related Topics
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual
How Much of a Mortgage Payment Goes to Principal
What Do Underwriters Do?
What Does Loan Underwriting Mean
Loan To Value and Down Payments
What is Underwriting in Real Estate?
Homeowner's Guide: DIY Home Improvement