This is the general name used for a 'mortgage', 'deed of trust' or a 'security deed'. It serves to pledge the house as collateral for the mortgage loan and allows the property to be sold as repayment for the mortgage debt if the borrower defaults on the mortgage obligation.
A document under which collateral is pledged (e.g. mortgage)
The deed of trust or mortgage verifying the pledge of real property as security for the repayment of the debt.
Mortgage or deed of trust evidencing the pledge of real estate as collateral for the loan.
The mortgage or deed of trust evidencing the pledge of real property as security for a mortgage note.
A recorded legal document given by the borrower to the lender. It pledges the title of the property as insurance to the lender for the full payment of the mortgage. Mortgages, deeds of trust and deeds to secure debt are considered security instruments. The security instrument contains the description of the property.