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A deed of trust is a legal security instrument whereby a borrower pledges real estate as collateral for a loan, typically to purchase a home. In simple terms, if the borrower fails to repay the loan, the lender has the right to foreclose on the property, meaning they can take back the house. This concept is often summarized as "if you don’t pay, you don’t stay," highlighting that homeownership is contingent on making timely payments. It’s important to distinguish between a deed of trust and a deed; while a deed of trust involves a borrower and a lender, a deed represents legal title to the property.