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This is a legal document for business purpose real estate loans that can be valid in all 50 states. Created by Doss Law LLP, the premier law firm for mortgage law in the United States for 44 years, purchasing this template means that after approximately 20 minutes of completing a questionnaire–created by lawyers–you will instantly receive a quality, customized legal document in your email.
Free To Use
$399
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This is a legal document for financing the purchase of a new home by a homeowner who intends to sell their old home that can be valid in all 50 states. Created by Doss Law LLP, the premier law firm for mortgage law in the United States for 44 years, purchasing this template means that after approximately 20 minutes of completing a questionnaire–created by lawyers–you will instantly receive a quality, customized legal document in your email.
Free To Use
$599
Lawyer Backed
A deed of trust functions similarly to a mortgage, in that it is a document evidencing a legal obligation from a borrower to a lender regarding the purchase of real property (e.g., home, building, a plot of land, etc.). The executed deed of trust is then recorded (filed) with the county where the property is located.
A deed of trust involves three parties:
The trustee in a deed of trust is often a title insurance company, escrow company or financial institution.
In a deed of trust, the trustee holds legal title to the property until the borrower repays the loan. Once the loan is fully paid, the trustee transfers the legal title to the borrower. If the borrower defaults on the loan, the trustee can foreclose on the property on behalf of the lender. It is important to note that the term “trustee” means something different in the deed of trust context than in other legal contexts. Due to this, a third-party trustee in a deed of trust is not held to the same fiduciary standards as “trustees” in other contexts (cf. revocable trust).
Please also note that laws governing deeds of trust vary by state and that deeds of trust are more commonly used in some U.S. states than others.
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Deed of Trust for Business Purpose Loan - All States
This is a legal document for business purpose real estate loans that can be valid in all 50 states. Created by Doss Law LLP, the premier law firm for mortgage law in the United States for 44 years, purchasing this template means that after approximately 20 minutes of completing a questionnaire–created by lawyers–you will instantly receive a quality, customized legal document in your email.