Alabama Deed of Trust Form

Alabama Deed of Trust Form

Last updated August 31st, 2022

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An Alabama deed of trust transfers a property title to an independent third party known as the “trustee” who holds onto the title until the property’s owner, the “borrower,” pays back a loan to a moneylender. This document is used as an alternative to a mortgage. Should the borrower in a deed of trust default on their loan, the trustee can conduct a non-judicial foreclosure whereby they can sell the property without involvement from a court. A title company often acts as the trustee, although the parties can select any person or company for the role.

Related Forms (1)

Alabama Promissory Note – A legal contract used alongside a deed of trust to record a borrower’s obligation to pay back a lender.

Download: PDFWord (.docx)OpenDocument