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Deed of Trust
Security instrument used in many states instead of a mortgage, involving a borrower, lender, and neutral trustee who holds title as security for the loan.
PDF TemplateUse the instructions below to complete this form
Instructions
Identify the trustor (borrower), beneficiary (lender), and trustee. Include the property legal description and reference the promissory note. The deed of trust gives the trustee the power of sale in the event of default, allowing non-judicial foreclosure in many states. Record with the county recorder. Upon full repayment, the lender issues a reconveyance to release the lien.