Deed of Trust-Recorded

A Deed of Trust is a legal instrument used in real estate transactions that serves as security for a loan. It involves three parties: the borrower, the lender, and a trustee, where the borrower conveys an interest in property to the trustee. The main purpose of a Deed of Trust is to protect the lender by allowing them to take ownership of the property if the borrower defaults on the loan.

This document is crucial in the home buying process and is commonly recorded in public records to provide legal notice of the lender's security interest in the property. By recording the Deed of Trust, the lender ensures that their claim on the property is recognized and prioritized against other potential claims. The Deed of Trust can include various terms and clauses related to the loan, including interest rates, repayment schedules, and borrower responsibilities.

Extractable Data Fields

Below is a table listing the key data fields that Vaultedge can extract from a Deed of Trust document. Please refer to the table below for detailed information.