Truth in Lending

In real estate finance and consumer credit law, Truth in Lending refers to federal statutes and regulations, including Regulation Z, that are designed to ensure that prospective borrowers and credit purchasers receive clear and accurate information about the cost of...

Trustor

In real estate finance, a trustor is the borrower under a deed of trust. The trustor conveys legal title to the property to a trustee as security for the repayment of a loan to the beneficiary, or lender. Although title is transferred to the trustee for security...

Trustee’s Deed

In real estate law, a trustee’s deed is a deed issued by a trustee under a deed of trust following a foreclosure sale. It conveys title to the purchaser who acquires the property at the foreclosure auction. A trustee’s deed transfers whatever interest the trustor had...

Trustee

In real estate finance, a trustee is a person or entity that holds legal title to real property under the terms of a deed of trust. The trustee acts as a neutral third party between the borrower and the lender. The trustee’s primary duties include holding title as...

Trust Deed

In real estate finance, a trust deed, also known as a deed of trust, is a security instrument used in many states in place of a mortgage. It involves three parties: the borrower, called the trustor, the lender, called the beneficiary, and a neutral third party known...

Trust Account

In real estate practice, a trust account is a separate bank account maintained by brokers, escrow agents, or other fiduciaries to hold funds belonging to others. These funds may include earnest money deposits, rents, or other monies held in connection with a...