2006-07-14 15:20:49 · 4 answers · asked by Kristine H 1 in Business & Finance ➔ Renting & Real Estate
Maybe it is trustee deed...trustee's deed?
2006-07-14 15:32:58 · update #1
I know of 2 different states in which a "Trustee's Deed" are totally different instruments. In one it is (as previously mentioned) a Deed given by a Trustee, no matter what type of trustee they are or for whom. In the other state it is the equivalent of what in the first state is called a Deed of Trust, which is what many would call a mortgage.
Very different instruments!
The answer to your question would depend upon what state the document was executed (signed) and Notarized in.
2006-07-14 18:20:34 · answer #1 · answered by Title specialist 2 · 0⤊ 0⤋
It's actually a "trustee's deed". It is a written document which is prepared and signed by the trustee when the secured property is sold at a trustee's sale. This document transfers ownership to the successful bidder at the sale; must be recorded with the county recorder in the county in which the property is located.
2006-07-14 15:33:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This type of deed is most commonly used in tax sales and foreclosure where a trustee has been appointed to the property and the trustee is transferring title to the new owner.
2006-07-14 16:09:57 · answer #3 · answered by jimmy dean 3 · 0⤊ 0⤋
Do You mean a Trust Deed?
2006-07-14 15:24:10 · answer #4 · answered by Israel C 1 · 0⤊ 0⤋