Download As Word Legal Iowa Deed Of Trust Forms For Free
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Top Questions and Answers
A deed of trust is a legal document that secures a real estate transaction. It works similarly to a mortgage, though it's not quite the same thing. Essentially, it states that a designated third party holds legal title to your property until you've paid it off ing to the terms of your loan.
Video Guide to Download As Word Legal Iowa Deed Of Trust Forms For Free
Hi Coach Jeff here today one of the questions I get asked all the time is what is the difference between a mortgage and a trust deed it's a good question they're basically one in the same some states use the terminology mortgage to document or to back up the fact that there is a loan so that loan on
A property would be considered a mortgage but it would also be considered a trustee which is technically the term used in some states to designate the document that evidences the mortgage so mortgage trustee kind of one and the same it doesn't really matter some states use the term mortgage some are mortgage States as we call it and
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