trust deed
Property loan contract
A trust deed is a legal document that transfers real property to a trustee as security for a loan.
The trustee holds title until the borrower repays the debt, then reconveys the property.
If the borrower defaults, the trustee can sell the property without going through court foreclosure.
Trust deeds are common in some U.S. states as an alternative to mortgages: The lender required a trust deed on the house.
Secured home loan
- escrowConditional third-party deposit
- conveyanceTransfer of property rights
- notarizationOfficial document verification
- beneficiaryDesignated asset receiver
grantor · grantee · title · recording · indenture · execution · acknowledgment · reconveyance
One who takes temporarily
- lenderOne who loans money
- interestAttention, stake, or fee
- principalChief school administrator
- defaultPreset standard option
foreclosure · amortization · promissory note · maturity · refinance · installment · creditworthiness · mortgagee
Security for debt
- lienClaim securing debt
- pledgeBinding promise given
- equityImpartial treatment or ownership value
- securitizationBundling debts into investable instruments
asset-backed · obligation · subordination · first position · second position · priority · deficiency · recourse
Wrapped item for shipping
- landEarth's solid surface
- estateProperty and grounds
- homesteadFamily farm and dwelling
- freeholdPermanent property title
acreage · plot · boundary · survey · zoning · improvement · subdivision · encumbrance
mortgage
Secured home loan
- escrowConditional third-party deposit
- conveyanceTransfer of property rights
- notarizationOfficial document verification
beneficiary · grantor · grantee · title · recording · indenture · execution · acknowledgment · reconveyance · vesting
borrower
One who takes temporarily
default · foreclosure · amortization · promissory note · maturity · refinance · installment · creditworthiness · mortgagee · guarantor
collateral
Security for debt
securitization · asset-backed · obligation · subordination · first position · second position · priority · deficiency · recourse · non-recourse
parcel
Wrapped item for shipping
freehold · acreage · plot · boundary · survey · zoning · improvement · subdivision · encumbrance · legal description
- assetsproperty, cash, money, investments, bank accounts
- real estatehouse, home, apartment, property, sale
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- legal documentscontract, affidavit, will, subpoena, injunction
- property recordstitle, mortgage, title insurance, abstract of title, land registry
- property transfertransfer of ownership, title, property transfer, lease, conveyance
trust deedunsecured loan
Debt lacking pledged property
unsecured debt · personal loan · signature loan · credit card debt · promissory note
trust, deed, trusting, trusted, distrust, distrustful, trustee, entrusting, entrusted