What's the difference between a mortgage & a deed of trust?

What’s The Difference Between a Mortgage & Deed Of Trust?

We have all heard of the term “mortgage” and most of us have an understanding of what it is. Sometimes we hear words like “deed of trust” used interchangeably with the word mortgage, but are they the same thing? There are two different theories on how to secure debt on property: title theory and lien … Continued