An Alabama deed of trust to secure financing for a home purchase by transferring the borrower’s property title to a trustee as collateral. The trustee holds the title until the lender is repaid while the borrower continues to use the premises. If the borrower defaults on the loan terms, the trustee may enforce their “power of sale” and foreclose the property without court involvement.
An Alabama deed of trust to secure financing for a home purchase by transferring the borrower’s property title to a trustee as collateral. The trustee holds the title until the lender is repaid while the borrower continues to use the premises. If the borrower defaults on the loan terms, the trustee may enforce their “power of sale” and foreclose the property without court involvement.
The grantor must acknowledge their signature before a notary or witness.[1] The document must be recorded with the Judge of Probate’s office.[2]
While there are no statewide formatting requirements, filers should ensure their form complies with local standards.
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