An Arkansas deed of trust conveys a real estate title to a trustee as a guarantee for a loan used to purchase the property. This security instrument is like a mortgage, only it involves a third party that holds title on behalf of the lender. Furthermore, a deed of trust enables the lender and trustee to circumvent the court foreclosure process in order to sell the house out of court.
An Arkansas deed of trust conveys a real estate title to a trustee as a guarantee for a loan used to purchase the property. This security instrument is like a mortgage, only it involves a third party that holds title on behalf of the lender. Furthermore, a deed of trust enables the lender and trustee to circumvent the court foreclosure process in order to sell the house out of court.
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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