What is a deed of trust and how does it work?

A deed of trust is a legal document that transfers the title of real property from one person to another. The new owner, known as the trustee, holds the property in trust for the benefit of the original owner, known as the beneficiary. The deed of trust may be used to secure a loan or other financial obligation or transfer property ownership to a third party. What is a deed of trust? A deed…
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