deed in trust

Definition

An instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary controls the trustee's use of these powers under the provisions of the trust agreement. A provision that allows a lender to foreclose on a property in the event that the borrower defaults on the loan.

Use deed in trust in a sentence

The deed in trust was nothing more than an instrument and I tried explaining that to my friend, who wanted to know.

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The deed in trust was included in the mortgage loan history documents presented to the judge in the bankruptcy trial.

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They were provided with a deed in trust and were able to make decisions on the land. While many developers wanted it, they also thought about developing it themselves.

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deed in lieu of foreclosure deed of reconveyance