trust deed
- A document used in some states that transfers the title of a property to a trustee as security for a loan. The title is returned to the borrower once the loan is paid off. If the borrower cannot pay, the trustee can sell the property and repay the lender
- The house was purchased using a trust deed, with the bank being the trustee.
- Upon loan default, the trust deed enabled the trustee to sell off the apartment.
- The trust deed was recorded to secure the loan for the commercial property.
Provide Feedback
