what is a deed of trust 
a deed of trust is a real estate transaction that involves a lender such as a bank as well as a buyer and a seller it inserts a fourth party into the transaction a trustee usually a title company which receives an interest in the property if the buyer defaults on the payments the trustee can seize the property and sell it 5the deed of trust process is a substitute for a mortgage agreement and is used in many states 6 from the buyer s viewpoint it makes no difference you pay your mortgage or you lose the house 