Can the Grantor be the trustee and the beneficiary on a deed of trust?
Full Question:
Can the Grantor be the trustee and the beneficiary on a deed of trust? We are doing a seller finance and an attorney is not drawing the documents.
12/01/2007 |
Category: Real Property ยป Deeds |
State: Texas |
#13199
Answer:
The deed of trust is an agreement between three parties: the Grantor (owner), the Trustee (who has the power of sale) and the Beneficiary (lender).
