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hey everybody scott carson with your note term of the day and todays term of the day is deed of trust or dot now some people ask me what does dot stand for is that department of transportation no in the note in real estate space a deed of trust or dot as we call it is the document that actually transfers ownership of the property a deed of trust is what gets filed to the county when a property is bought and sold if im selling my property to jim smith theres going to be the trust did a trust filed from scott carson to jim smith all right um this is in your property sales not in note sales now remember in a note sale an assignment a mortgage is filed when a note is sold now if its a contract for deed its a quit claim deed thats transferred over next but a deed a trust is the document that has a transfer of the actual asset the transfer of the property one of the things you want to make sure when youre pulling title is making sure that if you are buying the note that there has not