An Arkansas deed of trust conveys real property to a trustee who holds title until the trustor repays a loan provided by another party. This document can be compared to a mortgage, except that it involves a third party, the trustee, when securing the lender’s loan. Furthermore, this deed can circumvent the court process in the event of a foreclosure via a “power of sale” clause.
An Arkansas deed of trust conveys real property to a trustee who holds title until the trustor repays a loan provided by another party. This document can be compared to a mortgage, except that it involves a third party, the trustee, when securing the lender’s loan. Furthermore, this deed can circumvent the court process in the event of a foreclosure via a “power of sale” clause.
An Arkansas deed of trust conveys real property to a trustee who holds title until the trustor repays a loan provided by another party. This document can be compared to a mortgage, except that it involves a third party, the trustee, when securing the lender’s loan. Furthermore, this deed can circumvent the court process in the event of a foreclosure via a “power of sale” clause.
The grantor must sign the deed before two witnesses and have their signature notarized.[1] The deed must then be filed with the County Recorder’s Office for recording.[2]
Deeds must be 8.5″ x 11″ in size and comply with the following margin requirements[3]:
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