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Deed of Trust in divorce

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mbpary Joined: 11 Feb 2009 Posts: 1 1.29 Dollars($)	Posted: Wed Feb 11, 2009 11:01 pm    Post subject: Deed of Trust in divorce Like 0 Dislike 0 My daughter is in th eprocess of a divorce (Texas). She is conveying her interest in the home by a special warranty deed. Her lawyer prepared a deed of trust with her as the beneficiary and husband as the Grantor. Her attorney as trustee. There is a first lien note on the proterty. The deed is very wordy. Can you explain this in laymens terms. Thanks.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Feb 13, 2009 12:05 am    Post subject: Like 0 Dislike 0 Hi mbpary, A deed of trust is an agreement between a lender and a borrower. It helps to transfer the interest in the borrower's land to a third party, a trustee, to secure the payments of a debt by the borrower. But as it is a legal document, it will be better if you can ask your attorney to explain it to you.

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