Clear-Point Law, Practical Dictionary of Legal Terms
Home    Dictionary Index    

note secured by deed of trust


definition of note secured by deed of trust:

a method of financing the purchase of real property other than a mortgage. With a Note Secured by Deed of Trust, the property title is transferred to a trustee who holds it as collateral for the debt. After the note is paid in full, the property title is transferred back to the purchaser using a deed of release.
CURRENT LOCATION: Home > Law Dictionary > note secured by deed of trust
ClearPointLaw.com is produced by Legal Franca Publishing


Terms of Use -  Contacts -  About Us -  How to Use this Site