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TRUST DEED

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A method of financing real estate purchases, where the trust deed transfers title of a parcel of real estate to a trustee (usually a title company) who holds it as security on a loan. After the loan is paid off in the entirety, the title is transferred to the borrower. The trustee can act to sell the real estate in the event of a default by the borrower and the proceeds used to pay the remaining amount due to the lender.

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