Trust Deed (Deed of Trust) | Real Estate Exam Prep Videos

In this real estate exam prep video, we will discuss the Trust Deed also referred to as a Deed of Trust. Key real estate term used in this video are:
Trust Deed (a.k.a. Deed of Trust)
Mortgagee
Mortgagor
Trustor
Trustee
Beneficiary
Deed of Reconveyance
Equitable Title
Legal Title
Nonjudicial Foreclosure
Best of luck with your studies...
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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.
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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
Cheers,
Paul Vojchehoske

[@TheRealEstateClassroom]

Related Video: Promissory Note & Mortgage - kzbin.info/www/bejne/a3O3pYl7erObrMk

[@Whitgent]

I did not understand when other teachers described deeds of trust until I heard it from you. Thank you so much!

[@TheRealEstateClassroom]

Glad we could help!

[@zanty011]

Today I passed both of my tests and got my real estate lincense! Your videos helped, keep making good content! Thanks

[@TheRealEstateClassroom]

That is AWESOME! Congratulations! The real estate exam is no joke! Only those who take the time and put in the work passes. Especially on the first attempt. I wish you the best of luck in your new venture. I am sure you will crush it. Also, thank you for using our KZbin Channel to help prepare for your exam. I am glad we were part of your success. Years ago, I created a real estate agent bookkeeping excel spreadsheet to help new agents track their income and expenses for tax time. It's free. Drop me an email [e-mail] and I will send it to you. Best of luck!

[@MsJulie-rq2vk]

The best real estate prep video made without the annoying distracting music in the background 👍🏻👍🏻. Thank you very much! I never leave comments but I’m leaving on your channel.

[@TheRealEstateClassroom]

Hi Julia... Thank you for leaving a comment! We appreciate the feedback. Best of luck with your studies and let us know how we can help!

[@nievediaz6102]

OMG, I didn't even have to write anything down. You did such a great job explaining this instrument. THANK YOU!

[@TheRealEstateClassroom]

You're very welcome! Glad it was helpful

[@DraGnFly007]

I LOVE when all topics are linked together as it makes it easier to understand! Thank you!!

[@TheRealEstateClassroom]

By design ;o)

[@politicallil7060]

Your material is excellent and your natural teaching skills allow for you to deliver material that applies to all learning styles. You didn't mention that some states allow both a deed and a mortgage, at least I don't recall. I found out my state Illinois has both would that be a question on the state portion of the exam only. I understand a Trust in a state that allows both gives the owner privacy of ownership that could be a question that could trip a person up

[@gustavoarellano4722]

The best real estate instructor in my opinion. You explain everything in layman's terms for those slow of learning lol. Thanks for all the videos you put out.

[@TheRealEstateClassroom]

You're welcome

[@timothywesley1901]

I’m studying to be a loan signing agent and this helped tremendously. Thank you for providing this 🙏🙏.

[@TheRealEstateClassroom]

You're welcome😁

[@michelleendicott3955]

really great videos. My exam is Dec 16th and your videos are helping me HUGE!! Thank you :)

[@TheRealEstateClassroom]

Thank you and Best of luck!

[@sandracastillo5664]

You are amazing. I’m from El Salvador and resident in LA, I have two months studiying and your explanations are very clear and has a good diction in your vocabulary. Of course that help to me because English isn’t my first language and is my Challenge too. Thank you so much!!🎉😊🎉

[@TheRealEstateClassroom]

You're welcome

[@laurencraven5436]

Literally the best videos I have found yet! Thank you so much for your time and effort, you are so good at explaining!

[@TheRealEstateClassroom]

Thank you, Lauren

[@irfanahmed326]

Best & knowledgeable video with great and easy explanation, Thank you Sir

[@TheRealEstateClassroom]

You're welcome!

[@richliferealestate]

Set to take my GA real estate exam in another week. So glad I found this channel.

[@petroshaporda7193]

I am so thankful for your classes

[@TheRealEstateClassroom]

Thank you

[@dxbrajnish]

Thanks a million, you really made it so simple & clear about promisory note , mortgage & deed of trust. You are an awesome teacher. Charles . Thank you from the bottom of my heart. I highly recommed this to students.

[@Levi-kc9pv]

Great video, and videos. Have watched many of your videos and they are extremely helpful. Going to subscribe for the sake of helping out your channel. Well done.

[@TheRealEstateClassroom]

Thank you, Levi! Best of luck in your studies! :o)

[@nya5934]

Using all the videos on your page as an overview for the real estate exam I will be taking (ce shop in Ny first and if I pass then state haha). Thank you for these. It's like crash course history but with real estate. I am also using prep edge. I got a 65% on the prep edge first exam I took. So I am reviewing the exam and all the videos. And I will treat the practice exam as the real exam, taking it only when I feel ready. Hopefully i will ace that practice exam and then the actual thing

[@TheRealEstateClassroom]

You will crush it! Keep on studying!

[@gillianperkins4946]

Paul, you did a great job of explaining this.

[@TheRealEstateClassroom]

Thank you!

[@DulceLara-sk6cu]

This is a great lesson! I appreciated it!

[@SauroraDesign]

thank you so much for sharing you are the best

[@TheRealEstateClassroom]

You are so welcome!

[@Antiestablishment420]

Okay so I acquired a house once my parents passed away, I was half on the title, so once they pass I acquired the house/property, I'm in Escrow and got a call saying there is a deed of trust on the house from 1992 for like 6k from the guy my mother bought the house from, can I still sell it? I don't get it? Also the house is 100% paid for, only property tax..

[@TheRealEstateClassroom]

Sounds like the payoff of the original loan was not recorded when your mom purchased the house. I would start with going throught the paperwork from when your mother purchased the home and call the title and escrow company that closed the transaction. Can you sell the property? Technically yes, but it will have a cloud on title. You may ultimately have to file quiet title action

[@justmwa145]

Hi. Great video. Please let me know if the following are correct: Lien theory states have 2 party relationships. Title theory states have 3 party relationships.

[@TheRealEstateClassroom]

Yes, correct... Lien Theory states use the Mortgage as collateral and the two parties are the Mortgagor and the Mortgagee. Title Theory states use the deed of trust - the three parties are Trustor, Trustee and the Beneficiary

[@justmwa145]

@@TheRealEstateClassroom thanks

[@organizer14]

Thank you for sharing!

[@TheRealEstateClassroom]

You're welcome

[@sandracastillo5664]

Thanks again. 🎉🎉

[@TheRealEstateClassroom]

You're welcome 😊

[@johndominguez-jk7hx]

When trustor does deed of trust , does trustee have to acknowledge acceptance in order for it to be a binding contract.

[@TheRealEstateClassroom]

technically yes. BUT you won't need to know the process for the exam

[@kathybarrett9630]

Google says that Maryland allows Mortgage and Deeds of Trust. I am taking my Maryland exam. Does this depend on individual circumstances?

[@robertjohnson-tm1fr]

What if one of the 2 joint tenants doesn't help with anything listed on the deed of trust? And only one person pays for everything?

[@xjdndwnen1654]

LoL 🤣🤣🤣🤣🤣

[@TheRealEstateClassroom]

;o)