Deed of Trust-Unrecorded

The Deed of Trust-Unrecorded is a vital legal instrument used primarily in real estate transactions, particularly for securing loans through a trust arrangement. This document designates a trustee who holds the title to the property on behalf of the lender until the borrower pays off the loan. Unlike a traditional mortgage, a deed of trust typically involves three parties: the borrower (trustor), the lender (beneficiary), and the trustee, making it a unique option for financing real estate.

The purpose of this document is to protect the lender's interest in the event of borrower default. If the borrower fails to repay the loan, the trustee has the authority to sell the property at a foreclosure sale, thereby facilitating a streamlined process for the lender to recoup their investment. Thus, this document plays a significant role in real estate financing, providing both security for lenders and flexibility for borrowers.

Extractable Data Fields

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