An instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary controls the trustee's use of these powers under the provisions of the trust agreement. A provision that allows a lender to foreclose on a property in the event that the borrower defaults on the loan.
Related information about deed in trust:
- What is deed in trust? definition and meaning
Definition of deed in trust: An instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary ...
- Deed in Trust Form - Oxford Bank & Trust
This Indenture, Witnesseth, That the Grantor, of the County of and State of for and in consideration of Ten and no/100ths ($10.00) Dollars, and other good and ...
- Real Estate Terms-Deed in Trust, Deed in lieu of foreclosure
Real Estate Terms - Online Investment and Financial Dictionary. Deed in Trust, Deed in lieu of foreclosure, Deferred Payments, Deposit, Disclosure.
- Deed in Trust - Warranty - Chicago Title Land Trust
DEED IN TRUST - WARRANTY. THIS INDENTURE, WITNESSETH, THAT. THE GRANTOR, of the County of and. State of for and in consideration of the sum of ...
- Quit Claim Deed in Trust - ATG Trust Company
QUITCLAIM DEED IN TRUST. THIS INDENTURE WITNESSETH, that the Grantor (s),. , of the County of and State of. , for and in consideration of dollars, and ...
- A Comprehensive Look At Illinois Land Trusts - Chicago Metro ...
TRUST INSTRUMENTS. CREATION OF THE LAND TRUST. REQUIRED DOCUMENTS. 1. Trust Agreement. 2. Deed in Trust ...
- Can a Married Person Sign a Deed of Trust Separately? | eHow.com
In such a case, the spouse named in the written agreement may sign the deed in trust separately. The issue of property ownership becomes complicated, ...
- Chapter 45
When the mortgagee in a mortgage, or the trustee in a deed in trust, executed for the purpose of securing a debt, containing a power of sale, dies before the ...