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Deeds of Trust
When a person buys a home, they are typically either assigned a mortgage or a deed of trust. A deed of trust involves three primary parties: the borrower, the beneficiary, and the designated trustee. During the repayment period, a borrower retains possession of the property and will be responsible for its upkeep and maintenance. Borrowers need to be careful though because a lender can foreclose on the property if a borrower defaults on the loan. Our job is that of the trustee, to mitigate among transactions and disputes.