In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. Which states are mortgage states and which are deed of trust states including a table showing this information for each state.The mortgage or deed of trust must contain four additional clauses related to the assumption of the loan. In Ohio real property is transferred via a deed. To successfully convey property from a seller to a buyer there are a number of formal requirements. Designate a trustee to hold the land title. You can also contact your local VA department directly or talk to an outreach specialist at a VA Medical Center. It does not transfer the ownership of real property in the usual sense. In the spirit of personal privacy, I would like to ask you an important question. A deed serves as a public record of property ownership.