As you recall, Chapter 9 provided a broad view of the mortgage deed process and role of a promissory note. Chapter 10 expands the discussion to include the importance of a deed of trust. Nineteen states plus the District of Columbia use the Deed of Trust as the customary security instrument in the sale of real estate. YOUR ANSWER NEEDS TO INCLUDE AN UNDERSTANDING OF TITLE THEORY.

What is the practice in your home state? Assume you are a mortgage lender, would you prefer to use the Deed of Trust? Justify. My home state is Texas