Deed of Trust Help Guides

What is a security interest?
A security interest is an interest in property—real estate or otherwise—that secures repayment of a debt or performance of some other obligation. If the party that grants the security interest fails to fulfill its obligation, then the holder of the security interest can normally take possession of the asset in question and sell it in order to recoup...
Right of Survivorship: Everything You Need to Know
There are many things you should consider when you are purchasing property with another person. One of these things is called the right of survivorship. Right of survivorship can impact what happens to a property if one of the owners passes away before the other one. It is important to understand how this right works and how it can impact various fa...
The Documents You Need to Buy a New Home
Purchasing your first home can be an extremely intimidating process. You are confronted by many terms that you may not understand, and you may not realize how many necessary steps there are in the process. To make matters worse, everyone else,......
Understanding When and How to Use a Deed of Trust
When buying real estate with borrowed money, or financing the sale of real estate you own, a deed of trust may be one of the required documents you will sign at closing. What Is a Deed of Trust? A deed of trust is a legal document that is the......
What You Need to Know about Deeds and Property Transfer
Real estate in the United States has a long history of being extremely valuable. Owning land was only for the wealthiest individuals in the early years of U.S. history. Unlike property that can move (possession is nine-tenths of the law after......
Closing a Home Sale: What to Expect
You have either agreed to sell or buy a home and the buyer has paid the earnest money putting the deal into escrow. Now it’s time to complete the final steps! This can be both an exciting and stressful time in getting all your affairs in order......
6 Ways to Defend Against Foreclosure on a Mortgage
When property is put in foreclosure, it means that the borrower is in default under the terms of the home loan and the lender is retaking title to the property. In states that allow use of a mortgage agreement, as opposed to a deed of trust,......
6 Ways to Defend Against Foreclosure on a Deed of Trust
Foreclosure is the process by which a lender retakes real estate when a borrower defaults on a home loan. In states that allow the use of a deed of trust as opposed to a mortgage agreement, most homes are foreclosed through a process called......
How New Lending Requirements Better Protect Homebuyers
In 2008, the Federal Reserve adopted a new Truth in Lending Act and then updated the act in 2010 with the Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank Act for short). These acts were adopted to set up a system of......
Should I Use a Mortgage or a Deed of Trust?
Whether you should use a mortgage agreement or a deed of trust when buying a house depends on which state the property is located in. In both documents, the home loan borrower promises to hand over the title to the property to the lender if......