Texas Deed of Trust and Trustee

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In the state of Texas who is designated as the trustee of the deed of trust?

larry · Joined: 27 Jun 2007 Posts: 2598 349.41 Dollars($)

Hi violetsrbluexo,

Welcome to this forum.

Trustee is a legal term. The deed of trust authorizes a person designated as the trustee. The Trustee has the authority to even sell the property if a default takes place.

Thanks,
Larry

jenkin7 · Joined: 04 Jun 2007 Posts: 880 131.00 Dollars($)

Hello Violet,

In Texas, the deed of trust is also equivalent to the mortgage. In such cases, the trustee could be a the title company which gets the title of the property from the seller, or a neutral third party, or the lender himself.

If there's a mortgage default by the borrower, the trustee is authorized to sell off the property and pay the lender and this does not involve the court for the formal procedures of a foreclosure.

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The state does not designate a Trustee on a Deed of Trust. The trustee is decided by the parties. It can be any competent person. As stated above, it is usually the title company.

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