Mortgage vs Deed of Trust

Описание: This video describes the differences between a Mortgage & a Deed of Trust.

Mortgages are used in Judicial States & Deeds of Trust are used in Non Judicial States.

Mortgages are a direct contract with the lender. (2 parties: Lender & Borrower)

Borrower holds title with a Mortgage

Deeds of Trust used a Trustee (3rd party that holds title)

The foreclosure process happens a lot quicker with a Deed of trust (No court process)

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