trustee on a deed of trust

In a deed of trust the trsutee can be an attorney or tital insurance compnay or escrow compnay

Hi Castle,

In a deed of trust, a trustee is an independent third party that holds the legal title till the terms of the deed is fulfilled by the trustor and the beneficiary. A trustee does not represent either the trustor or the beneficiary. Thus, you cannot have your relative as the trustee. The trustee has to be someone who is neither related to you nor the lender.

Hi,

Record deed in country recods to make it validate.You can't keep your relative as trustee but your attorney will be.

Thanks & Regadrs.
gunz.ijjistaff.

Gunz,
How can Record deed help? are we mentioning relative's name on deed?

You can not keep relative as trustee as its alegel document.

the lender was the one who choose the trustee when i refinance, can i change the trustee later on?

Hi Marilou,

It will be the lender's discretion whether or not he will allow you to change the trustee later on. You should have a word with your lender in this regard.