Deed Of Trust Hide Demanded Field For Free

A deed of trust includes most of the same information as a mortgage, This includes:A legal description of the property used as security for the mortgage. The names of parties: trustee, trustor, and beneficiary. The inception and maturity dates of the loan.

The Beneficiary In exchange for lending you the money for the property, the deed of trust serves as the lender's guarantee that you'll pay the loan off.

While both a deed of trust and a mortgage provide a security interest for the lender in the property, the lender does not hold the security interest as is the case in a traditional mortgage.The deed of trust is what secures the promissory note.

Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.

A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee.Many states, such as Pennsylvania, require a deed to have a habendum clause in order for the deed to be officially recorded and recognized by the Recorder of Deeds.

Also known as the granting clause, is the only legally necessary clause required in a deed. Names the parties, words of conveyance, consideration, the date of transfer and legal description.

A Land Trust is a simple inexpensive method for hiding the ownership of real property. A land trust can be setup as an irrevocable living trust used to title ownership of real estate. Title to the property is held in the name of a trustee, who is forbidden to reveal the beneficial owner.