The Houston Texas Sample Deed of Trust is a legal document that establishes a lien against a property as security for a loan. It outlines the terms and conditions of the loan, including the repayment schedule, interest rate, and the rights and responsibilities of the borrower and lender. This document is commonly used in real estate transactions in Houston, Texas, to provide protection to the lender in case the borrower defaults on the loan. It allows the lender to seize and sell the property to recover the outstanding debt. There are various types of Houston Texas Sample Deed of Trust, depending on the specific purpose or situation. Some common types include: 1. Residential Deed of Trust: This type of deed of trust is used when a residential property is being used as collateral for a loan, such as a mortgage. 2. Commercial Deed of Trust: This type of deed of trust is used for commercial properties, such as office buildings, retail spaces, or industrial properties. 3. Construction Deed of Trust: This type of deed of trust is used when a loan is provided for the construction or renovation of a property. It often includes provisions that release funds at different stages of the construction project. 4. Wraparound Deed of Trust: This type of deed of trust is used when there is an existing loan on a property, and a second loan is being made. The second loan "wraps around" the existing loan, and both loans are secured by a single deed of trust. 5. Reverse Mortgage Deed of Trust: This type of deed of trust is used specifically for reverse mortgages, where the homeowner receives loan payments based on the equity of the property. The debt is repaid when the homeowner no longer occupies the property. It is important to note that the Houston Texas Sample Deed of Trust may vary based on specific lending institutions, legal requirements, and individual agreements between the parties involved. It is recommended to consult with a qualified attorney or legal professional to ensure compliance with all applicable laws and regulations.