A legal instrument in which the property is pledged as security for the repayment of a loan. In some states, a deed of trust is used rather than a mortgage. The term is also used to refer to the loan itself.
A legal instrument in which the property is pledged as security for the repayment of a loan. In some states, a deed of trust is used rather than a mortgage. The term is also used to refer to the loan itself.
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