Maryland Deed of Trust Form

Maryland Deed of Trust Form

Last updated August 10th, 2022

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A Maryland deed of trust is used to secure a loan by placing the borrower’s property in a trust until the lender has been repaid. This type of arrangement primarily differs from a mortgage in that a disinterested third party will be appointed as the trustee to hold the property title. Furthermore, the trustee and lender will not be required to go through a judicial foreclosure process if the borrower fails to uphold the loan terms. Instead, the trustee can sell the property out of court to repay the lender.

Related Forms (1)

Maryland Promissory Note – A lending agreement in which the borrower promises to repay the lender in accordance with the agreed terms.

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