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Deed of Trust

A Deed of Trust has three parties:  The trustor (borrower), the trustee and the beneficiary (lender).  The borrower transfers title to the property to a trustee for the duration of a loan.   The trustee holds legal title. The trustor has equitable title.

When the trustor pays the debt, the trustee conveys a legal title to the owner by way of a deed of reconveyance.  If the trustor violates the terms of the mortgage, the trustee has the power to sell the property.

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