Trust Deed
A deed of trust or trust deed is a legal instrument which is used to create a security interest in real property wherein legal title in real property is transferred to a trustee, which holds it as security for a loan between a borrower and lender
Advantages of Trust Deeds
There are a number of advantages to trust deeds.
- First, you don’t have to deal with your creditors and they will no longer be able to contact you to try to recover their money.
- The debt also becomes more manageable as you make only one monthly payment, which is affordable and frozen.
- In addition, you know that you will be discharged from the debt after four years, so it will not weigh you down indefinitely.
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