A document used in place of a mortgage in certain states; a third-party trustee, not the lender, holds the title to the property until the loan is paid out or defaulted. Also called a deed of trust.
Trust deed
Related Posts
The $5M Risk: Why I Gave It All Up to Build Something Bigger
The biggest risk I’ve ever taken: Stepping away from a highly successful real estate career to pursue a vision of building something greater, building a company from scratch. Learn more.
Business Tip of the Day provided by
