Deeds of Trust Explained?

Deeds of Trust Explained?
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A deed of trust is a legal document often used during a homepurchase. Most people are familiar with a mortgage, but not as manyhave heard of a deed of trust. Mortgages and deeds of trust aresimilar in that they are both used to provide security for a loan.However, a deed of trust is different because there are threeparties involved whereas when a mortgage is used, only two partiesare involved.The three parties involved in a deed of trust are the trustor,the trustee, and the beneficiary. The trustor is the person who isborrowing money to make the purchase, the trustee is the entitythat holds the legal title to the property, and the beneficiary isthe bank or other entity that is lending the money for thepurchase. This differs from a mortgage because in the case of amortgage, the lender also
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