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In this segment of the North Carolina real estate show, the focus is on the definition of a deed of trust. It is explained as a security instrument where the borrower pledges real estate as collateral for repaying a lender. In simpler terms, if someone borrows money to purchase a house and fails to make payments, the lender can foreclose on the property. The phrase "if you don't pay, you don't stay" emphasizes that homeowners must keep up with their payments to retain ownership. Additionally, it's clarified that a deed of trust is not the same as a deed, as the latter represents legal title to the property.
