Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 12 · column 6 of 7 · from the scan, no model involved
A TRUST DEED involves three parties; a borrower, a lender, and a trustee. The deed transfers title to the property to the third party trustee to be held pending fulfillment of the obligation. The obligation is ordinarily repayment of the loan to the trustee.
Trust deeds and mortgages are the security that lenders need to protect themselves in the rare cases of buyer default. The preference for one form over the other is usually a matter of local or state law.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone; 675-3400. We’re here to help.
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