A North Dakota deed of trust is used to secure a loan by transferring a property title to a third-party trustee who holds it on behalf of a borrower. The borrower can use and benefit from the real estate, but cannot sell or transfer ownership to anyone else until the debt obligations are repaid without the lender’s consent.
A North Dakota deed of trust is used to secure a loan by transferring a property title to a third-party trustee who holds it on behalf of a borrower. The borrower can use and benefit from the real estate, but cannot sell or transfer ownership to anyone else until the debt obligations are repaid without the lender’s consent.
The County Recorder’s Office handles deed filings in North Dakota.[1] The document must be notarized.[2] The following formatting guidelines must be adhered to[3]:
In North Dakota, the foreclosure process is handled by the court. Trustees cannot foreclose without a judicial process.[4]
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