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538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

 
 
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Real Estate Glossary



  Deed of Trust

The document used in some states instead of a mortgage; title is conveyed to a trustee.

In some states, a "deed of trust" is used instead of a mortgage. When homeowners sign a deed of trust, they receive title to the property but convey title to a neutral third party -- called a trustee -- until the loan balance is paid in full.

 

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Old Town Real Estate,LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

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