deed of trust
2
8.4
- noun
- /diːd əv trʌst/
- Formal
:
escritura de fideicomiso
- Before closing the deal, they reviewed the deed of trust, which outlined the responsibilities of the borrower.
- deed of trust or note
Sir, if your name is first on the deed of trust, will you be OK?
- Sir, if your name is first on the deed of trust, will you be OK?
- So that's providing lien waivers, deeds, deeds of trust, They're really showing that requirements list.
Examples
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Lenders should make sure that the proper entities are listed as the grantors and grantees on their deeds of trust and other recorded documents.
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The mortgage or deed of trust represents the borrower's pledge of property to secure the payment of the note.
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Sir, if your name is first on the deed of trust, will you be OK?
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Now let's talk also about deeds of trust 'cause people get confused about this a lot.
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The Court of Appeals determined that the bank's 2007 deed of trust did not perfect its security interest.
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Assignments of the accompanying mortgage or deed of trust are covered by state real property laws.
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At loan closing, a borrower signs both a "note" and a "mortgage" or "deed of trust" (depending on the state).
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The owners then argued successfully that MERS, as a beneficiary of the deed of trust, was a necessary party to the lawsuit.
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In Edelstein's case, MERS assigned the deed of trust to Bank of New York Mellon as trustee for Countrywide.
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The trial court held that Anchor agreed to subordinate its lien to the bank's lien rights and that Anchor's lien did not have priority over the bank's deed of trust.
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Synonyms
A document that gives property to a trustee as security for a loan
A document that says a bank can take your property if you do not pay back a loan
Surface Forms
Morphology
The constituents 'deed' (a signed legal document) and 'trust' (a legal arrangement) transparently signal that this is a type of legal document involving a trust, so a B1 learner who knows both words would grasp the general idea. However, the specific procedural sense — transferring property to a trustee to secure a loan — is a specialized legal usage not fully predictable from the parts, making the expression only partially transparent.
Etymology
The legal term deed of trust comes from a simple picture: a written deed is given to someone you trust to keep while you pay a loan. So, it means 'a legal document that gives property to a person who holds it for the lender until the loan is paid back'.