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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Bankruptcy does not discharge obligations secured by an assessment lien. Declaration of Default A document directing a Trustee to sell the trust property to satisfy a specified and unpaid obligation. Deed of Trust A legal document in which the borrower conveys the title to a 3rd party (trustee) to hold as security for the lender. When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com - Tuesday, February 3, 2009
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  • Glossary of Foreclosure and Real Estate Terminology - Realtytrac
    Bankruptcy does not discharge obligations secured by an assessment lien. Declaration of Default A document directing a Trustee to sell the trust property to satisfy a specified and unpaid obligation. Deed of Trust A legal document in which the borrower conveys the title to a 3rd party (trustee) to hold as security for the lender. When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE