Deed of trust

{
  "id": "MLC-T-LAW-001517",
  "term": "Deed of trust",
  "field": "Law",
  "definition": "A legal instrument used in some states as an alternative to a mortgage, involving three parties: the borrower, the lender, and a neutral third-party trustee. The borrower conveys legal title to the trustee, who holds it as security for the loan. Upon repayment, the trustee reconveys title to the borrower; upon default, the trustee can sell the property.",
  "url": "https://mlchart.com/terminology/law/deed-of-trust/"
}