Which states are mortgage states and which are deed of trust states including a table showing this information for each state. Virginia trust attorney explains how to transfer assets to a trust.Call (540) 722-2181 to schedule your consultation for assistance with your asset transfers. The mortgage or deed of trust must contain four additional clauses related to the assumption of the loan. Deeds and Deeds of Trust prepared in North Carolina must show the name of either the person or law firm who drafted the instrument on the first page. The noteholders may, in their discretion, substitute a trustee whether the trustee then named in the instrument is the original or a substituted trustee. A deed of trust is a document used in real estate transactions. It represents an agreement between the borrower and a lender to have the property held in trust. In North Carolina, deeds are filed with the county Register of Deeds office.