Can You Sell a House with a Deed of Trust?
AuthorAmanda Dodge. Date:
When you take out a mortgage, your lender will have several forms and documents for you to sign. One of these pieces could be a deed of trust, which highlights that the lender holds on to the legal title through a trustee until the loan is paid off. This is a common legal document that lenders use to reach a fair agreement with the loan. If you decide to sell your house, you will need to keep your mortgage loan and deed of trust in mind. Fortunately, you can still list your property and move in many cases. Use this guide to answer “Can you sell a house with a deed of trust?” and learn the steps to do so. What Is a Deed of Trust? When you use a mortgage to purchase a property, you do not own the house. Your lender is the official owner of the property … Continued
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