Transfer a Maryland real estate property from a seller to a trustee with this downloadable Deed of Trust form.
- Maryland is a "Deed of Trust state" and typically, a Deed of Trust is used instead of a mortgage loan to finance the purchase of real estate.
- Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure that the purchaser makes the loan payments on time and honors its obligations under the loan.
- If the purchaser defaults, the balance of the loan becomes immediately payable and the trustee may sell the property to satisfy the debt.
- The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
When you're loaning money for a real estate transaction, you want to be repaid. Get the borrower to sign this Maryland Deed of Trust form and be confident that your interest is secured.
Last Updated: 04-May-2021