|Deed Of Trust
||A legal document that gives a third party title of real property. Sometimes a deed of trust is used to secure your home loan. If you are purchasing a property and your lending situation requires a deed of trust, you will be transferring title of the property to a third-party, also known as a trustee. If you pay the loan as agreed, the trustee will issue you title to the property when the balance is paid off. If you do not pay the debt as agreed, the trustee can sell the property.