What is a deed of trust?

A deed of trust is a legal document used in real estate law in Washington that outlines the borrower’s agreement to pledge their property as security for a loan or other financial debt. This document transfers the title of the property from the borrower to the lender (known as the “trustee”) as security for a loan or other debt. The deed of trust also outlines the terms of the agreement and lists the lender’s rights and responsibilities in the event of a default. In addition, it provides recourse for the lender if the borrower fails to make payments or otherwise defaults on the loan. To put it simply, the deed of trust is a document that legalizes the transfer of property from borrower to lender as collateral for a loan or other debt. The deed of trust sets out the expectations for the borrower, the rights and obligations of the lender, and the consequences in the event of a default. This document is a necessary part of real estate law in Washington, and without it, a lender would not be able to secure a loan to the borrower.

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What is a deed of trust?

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