Deed of Trust|
The document used in some states instead of a mortgage; title is conveyed to a trustee.
In some states, a "deed of trust" is used instead of a mortgage. When homeowners sign a deed of trust, they receive title to the property but convey title to a neutral third party -- called a trustee -- until the loan balance is paid in full.
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TeamBlackBerry & Associates SM
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Lake Linganore, Maryland
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