DEED OF TRUST
Fee: $169
The We The People Deed of Trust can be used to record a lien against real estate when the property is used as security for a loan or other obligation.
* The fees above do not include filing, recording, or courier service fees.
MORE ABOUT DEED OF TRUST
The We The People Deed of Trust can be used to record a lien against real estate when the property is used as security for a loan or other obligation.
The Deed of Trust (sometimes called a Trust Deed) is a three-party instrument that is evidence of a debt. There is the borrower (the grantor), the lender (the beneficiary) and the trustee. When recorded, the Deed of Trust grants to the lender/beneficiary a lien interest in the real estate. Technically, the title to the real estate passes to a third person called a trustee whose job it is to hold the bare legal title to the real estate as well as to foreclose in the event of a default in the
underlying obligation or to reconvey the title when the debt or other obligation is paid in full. For many deeds of trust, the beneficiary and the trustee may be the same person, although they do not have to be.
The Deed of Trust are almost always recorded with the County Recorder in the county where the
real estate is located.
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