deed of trust

• Documento jurídico que transfere a propriedade de um imóvel a um trustee (fiduciário) como garantia de um empréstimo, usado em alguns estados em vez da 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 fideicomisso

   • 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.