Deed of trust form

In connection with a loan agreement or promissory note, a lien is placed on a piece of property by a mortgage agreement and a deed of trust. Deeds of Trust are used in some states, Mortgage Agreements are used in others, and some states allow both. The lender, the borrower, and the trustee are the three main parties in a deed of trust. The pledged property is held “in trust” by the trustee for the lender until the debt is paid in full.