The phrase "a deed of trust" is correct and usable in written English.
It is typically used in legal and financial contexts to refer to a document that secures a loan by transferring the title of property to a trustee until the loan is repaid.
Example: "Before finalizing the mortgage, the lender required the borrower to sign a deed of trust to secure the loan against the property."
Alternatives: "trust deed" or "deed of security".
"We had a deed of trust written up when we bought to define percentage shares in the property.
The divisions between legal and beneficial ownership are normally created by an express instrument of trust (usually a deed of trust or a will).
Having a deed of trust is especially important when each person is contributing differing amounts to the deposit, buying costs or mortgage repayments.
A five-page filing at the Santa Barbara County Recorder's Office said, "You are in default of a deed of trust," Reuters reported, citing FoxNews.com.
Martin M. Beitler New York, Oct. 15, 2010 To the Editor: Re "The Mortgage Morass," by Paul Krugman (column, Oct. 15): I have represented two people in a "deed of trust" state who were wrongfully foreclosed.
Take legal advice before you buy, take legal advice if you split, and if you don't fancy being the next Jones v Kernott then either put your intentions in writing in a deed of trust, or tie the knot.
They contained copies of, among other things, a fake deed of trust from a nonexistent African kingdom, the circumcision certificate for a putative Aryan royal, and a welfare check issued by the City of New York to one of the self-styled principals of the sixty-billion-dollar trust.
The land is held by the Council for the benefit of the community in trust, through a "Deed of Grant in Trust" (DOGIT).
In deed-of-trust states, therefore, foreclosures move faster and without much judicial scrutiny.
I suspect that the foreclosure problem is as bad, or worse, in deed-of-trust states because of the ease with which foreclosures can be processed.
In deed-of-trust states, the courts don't get involved unless the homeowner sues, and such a suit is difficult and expensive to pursue because the homeowner must obtain an injunction against the foreclosing entity.
