A "trust deed" is a type of security used when someone borrows money. It does not give the borrower ownership of the property, but instead serves as a guarantee that the lender will get their money back. There are three people involved in a trust deed: the "trustor" (the borrower), the "beneficiary" (the lender) and the "trustee" (the holder of the title). The title is not automatically released when the loan is paid off.
These are questions that the above text answers:
1. What is a trust deed?
2. How does a trust deed differ from ownership of a property?
3. Who are the three parties involved in a trust deed?
4. What is the role of the trustor in a trust deed?
5. What is the role of the beneficiary in a trust deed?
6. What is the role of the trustee in a trust deed?
7. Is the title automatically released when a loan is paid off in a trust deed?
8. What is the purpose of a trust deed?
9. How does a trust deed serve as a guarantee for the lender?
10. What happens to the title after a trust deed is established?