deed Tag

15 Jan What Is the Difference Between a Mortgage and a Deed of Trust?

Everyone knows what a mortgage is--it's the document giving a bank collateral for the loan used to buy your home and letting it foreclose if you don't pay. But here in Maryland (and a number of other states, like California), we don't see mortgages very often. Instead, lenders use something called a "Deed of Trust". What's the difference between a mortgage and a deed of trust?
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28 Jul Deeds in Lieu of Foreclosure: Problems and Pitfalls

With foreclosures skyrocketing, many people are looking for ways out of their mortgages. Deeds in lieu of foreclosure are often used to avoid foreclosure. They do avoid foreclosure. But do they really benefit you, the homeowner? In many cases, they can leave you and your credit worse off than filing for bankruptcy. Here's the inside scoop on Deeds in Lieu of Foreclosure.
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