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does texas use deeds of trust

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carmen Guest 0.10 Dollars($)	Posted: Fri Aug 31, 2007 6:49 am    Post subject: does texas use deeds of trust I need to know if Texas known for deeds or trust over conventional mortgages?
W. Kingsbury Guest 0.10 Dollars($)	Posted: Fri Aug 31, 2007 10:57 am    Post subject: does texas use deeds of trust Carmen in Texas, deed of trust is used while some lenders also use conventional mortgages.
larry Joined: 27 Jun 2007 Posts: 2598 349.41 Dollars($)	Posted: Fri Aug 31, 2007 8:40 pm    Post subject: Hi Carmen, Primarily, Texas is a 'Deed of Trust' based state. Here, if a borrower defaults on a loan, the lender can foreclose under the provisions of deed of trust without actually going to court. With a foreclosure, the trustee named on the deed of trust may sell the property of the borrower.

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