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Insert Symbols in the Deed Of Trust

Insert Symbols in the Deed Of Trust

Aug 6th, 2022

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How to Insert Symbols in the Deed Of Trust

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33 votes

In this segment of the North Carolina real estate show, the focus is on the definition of a deed of trust. A deed of trust is described as a security instrument where a borrower pledges real estate as collateral for a loan as per a promissory note. In simpler terms, it means that when someone borrows money to purchase a house, they agree that failure to repay allows the lender to foreclose on the property. The host emphasizes the phrase "if you don't pay, you don't stay," indicating that the homeowner must make payments to retain ownership. Additionally, a deed of trust is highlighted as distinct from a deed, which represents legal title to the property.

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