What Is The Difference Between A Mortgage And A Deed of Trust?
The basic difference between the mortgage as a security instrument and a Deed of Trust is that in a Deed of Trust there are three parties involved, the borrower, the lender, and a trustee, whereas in a mortgage document there are only two parties involved, the borrower and the lender.
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This blog is provided for information purposes only and is not intended to be legal advice.
Kevin T. Aubart, Legal Administrator
Aubart & Associates