A written document which conveys ownership of land from one person to another.
DEED OF TRUST
A document executed by the owner of land by which the land is given as security for the payment of a note or other performance of an obligation. In California and some other states the Deed of Trust is usually used in place of a mortgage.
Failure to perform a duty or pay an obligation.
A personal judgment in a judicial foreclosure action for the remaining amount due after the sale of the security.
A statement from a lender showing the amount due on a loan.