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Make Modifiable Deed of Trust Template

Make Modifiable Deed of Trust Template

Aug 6th, 2022

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How to Make Modifiable Deed of Trust Template

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In a seller-financed real estate deal involving a deed of trust, three key documents are essential: the deed, the promissory note, and the deed of trust. The deed transfers ownership from the seller to the buyer. The promissory note outlines the loan's terms, such as interest rate, loan amount, and payment schedule. The deed of trust, which gets recorded at the county level, serves as a lien on the property until the loan is paid in full. While both the deed and deed of trust are recorded, the promissory note is not. The process involves three parties: the lender, the borrower, and a trustee, typically a title company or attorney.

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