Respuesta :
An instrument that transfers legal title in real property to a trustee to hold as security for a loan made by a lender to a borrower.
What is a deed of trust for a property?
A Declaration of Trust, often referred to as a Deed of Trust, is a legally binding document that records the financial arrangements between joint property owners and/or anybody else with a financial stake in the property.
When you buy a house, you sign a Declaration of Trust. Once this paperwork is in place, both parties will know exactly where they stand in the event that the property is sold or one party wishes to be bought out in the future.
A Declaration of Trust is intended to dispel any doubt about what will happen to each person's financial stake in the property. Setting out these financial arrangements upfront promotes clarity, hopefully reducing future disagreements.
Learn more about Declaration refer:
https://brainly.com/question/4932357
#SPJ4
