Deed Of Trust at Real Estate Glossary
What is it? A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.Real Estate Definition Added By: Rebecca
The Deed Of Trust definition has been viewed 212 Time(s)!
Send To Friends!
If you'd like to send the Deed Of Trust definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Deed Of Trust. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Construction documents is Drawings and specifications from an architect that provide detailed requirements for the construction of a project.Real Estate Term For Sale By Owner (FSBO) is The owner acts as the agent to avoid paying a sales commission.
Real Estate Term Discount points is Fees that a borrower pays at the time the lender makes the loan. A point equals 1 percent of the total loan amount.
Real Estate Term Breach Of Contract is Violation of any of the terms or conditions of a contract without legal excuse; default; nonperformance. The nonbreaching party can usually seek one of three alternative remedies upon a material breach of the contract rescission of the contract, action f
Real Estate Term Domicile is A persons primary or permanent home.