The conveyance of real estate to a third party to be held for the benefit of another. It is commonly used in some states instead of mortgages that conditionally convey title to the lender; same as a Deed of Trust.
The conveyance of real estate to a third party to be held for the benefit of another. It is commonly used in some states instead of mortgages that conditionally convey title to the lender; same as a Deed of Trust.