What is a deed of trust?
A deed of trust is a security instrument that lets a third-party trustee foreclose without court.
Why it matters
In some states it replaces a mortgage and speeds up foreclosure through a trustee.
Common confusion
A deed of trust involves three parties (borrower, lender, trustee); a mortgage is two.
Frequently Asked Questions
Who is the trustee?
A neutral third party named to hold title until the loan is paid.
Is foreclosure faster with it?
Often, because many states allow non-judicial foreclosure.
Does it mean I “trust” the lender?
No — the trustee is a separate neutral holder, not the lender.