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Short Form Deed of Trust

 

Overview of Short Form Deed of Trust

A "Short Form Deed of Trust" is a document that is used to secure a promissory note by using real estate as collateral. When filing a Deed of Trust, it places a lien against the property. A Deed of Trust is used by private and/or commercial parties who lend money and require the borrower to provide his/her property as collateral. The Short Form Deed of Trust is almost identical to a mortgage.

With a Short Form Deed of Trust, a lender can foreclose on the property if the borrower defaults on making the loan payments. If loan payments are not being made, the lender has the right to collect any rental income that the property is generating to repay any unpaid debt.

Preparing a Short Form Deed of Trust can be time consuming and expensive. My Legal Depot's staff has experience in preparing thousands of legal documents. Let us prepare and file your Short Form Deed of Trust promptly and accurately at a fraction of the cost of an attorney.

 


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