Use our Deed of Trust to create a contract in which a third-party holds property until a borrower pays back debt to the lender. 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.If you have questions about completing forms, which forms to record, and so on, you must contact a title company, estate planner, or seek legal advice. Maricopa County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements. Some states allow both mortgages and deeds of trust. A main difference is that a mortgage foreclosure proceeding needs to go through the courts. A Deed of Trust is typically used in combination with a Promissory Note or Mortgage Agreement which sets out the amount and terms of the loan agreement. Instead, please post the Statute Number and Exemption Code on the face of the Deed, in the area beneath the Legal. Description. This website will become your go-to platform for completing as well as signing legal forms.