New Blog 1: Deed Of Trust And Assignment Of Rents

Deed Of Trust And Assignment Of Rents

Putting financing in place is a relatively complicated process when you get into the details and technicalities of how it is done. While most people talk and think about "getting a mortgage," the reality is that many mortgages are not even mortgages, since many states use deeds of trust as security instruments instead of mortgage deeds. A trust deed with assignment of rents is a specific type of mortgage security document. Mortgage lenders in the commercial industries use them often, but they do sometimes pop up in the residential context. The trust deed with assignment of rents gives the mortgage lender not only a lien on the property but also a right to receive rental income from the property.