In consideration of a debt owed to the trustee, debtor conveys and warrants to trustee a certain piece of property described in the deed of trust.
Maine Deed of Trust - Multistate
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Multi-State
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US-00486
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Word;
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Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateMaineYMarylandYYMassachusettsYMichiganYY47 more rows
In addition to being deemed either official or private, deeds are also further classified as either general warranty, special warranty, or quitclaim.
Fee Simple Estates are the most common and grant a complete interest in land (its yours to be used without conditions or limitations).
What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.
There are three parties involved in a deed of trust: Trustor: This is the borrower. Trustee: This is the third party who will hold the legal title to the real property. Beneficiary: This is the lender.
Maine Deed Form Maine Quitclaim Deed Form. Maine Quitclaim Deed With Covenant Form. Maine Warranty Deed Form. Maine Life Estate Deed Form. Maine Transfer on Death Deed Form.
A deed of trust is a legal agreement that's similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.
Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.
