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Assignment of Deed of Trust by Individual Mortgage Holder Alaska Form

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Assignment of Deed of Trust by Individual Mortgage Holder Alaska Form

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hello in this video we are going to talk about the difference between a mortgage and a deed of trust a quick explanation this is Dave tile search.com and AFX tile first of all mortgage and deed of trust are instruments used to do lending on real estate where the lender is going to take a security interest in a piece of property as collateral and there's different mechanisms for this to occur depending on the laws of a state some states are what's called a judicial state which uses a mortgage and in non-judicial States a deed of trust is used uh to accomplish the same goal many times a deed of trust is referred to as a mortgage uh by the mortgage industry or banking industry because it serves approximately the same goal it's just the way it goes about uh securing the property is different here's the big difference a mortgage is a direct contract with the lender and the borrower the borrower the homeowner owns the property directly and pledges that propert

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