Deed of trust

Learn about the definition for this legal term.

What is Deed of trust?

One form of real estate security agreement granting a security interest in real estate which typically contains a power of sale allowing a trustee to hold a non-judicial public sale much more quickly than would be the case in a judicial foreclosure. In many states, this legal instrument is called a mortgage.

Further Reading

For more detailed information, see our related Real Property terms:

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