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Satisfaction of Deed of Trust Mortgage by Corporate Lender Texas Form

Satisfaction of Deed of Trust Mortgage by Corporate Lender Texas Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is a deed of trust in Texas a deed of trust is a legal document used in real estate transactions it involves three parties the borrower the lender and the trustee the borrower is the person taking out the loan the lender is the entity providing the loan the trustee is a neutral third party holding the legal title of the property in Texas a deed of trust functions similarly to a mortgage however there are key differences the trustee holds the title until the loan is repaid this provides security for the lender if the borrower defaults on the loan the trustee can initiate foreclosure foreclosure under a deed of trust is usually quicker than judicial foreclosure this is because it does not require Court intervention the trustee has the power to sell the property through a non-judicial foreclosure process the borrower retains Equitable Title meaning they have the righ

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