deed of trust

• Documento legal que transfiere la titularidad de un bien inmueble a un fiduciario como garantía de un préstamo, utilizado comúnmente en transacciones inmobiliarias en lugar de una hipoteca.

A legal document that transfers the title of a property to a trustee as security for a loan, typically used in real estate transactions instead of a mortgage.

1. Real estate security instrumentC1formalamerican

   A legal document that transfers title to a property to a trustee as security for a loan, used in some states instead of a mortgage.

   Escritura de fideicomiso

   • The bank required a deed of trust to secure the mortgage loan.
   • The trustee holds the deed of trust until the loan is fully repaid.
   • A deed of trust involves three parties: the borrower, the lender, and the trustee.