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Mortgage glossary
Deed of Trust
A legal document used in Maryland and many other states to secure a real estate loan. It creates a lien on the property and names trustees who may act as allowed by the document and state law if the loan is not paid. It is different from the deed that shows ownership.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.