Is the mortgage and the Deed of Trust the same thing?
Reply by BrendaTX on 2/8/05 9:14pm Msg #19846
Kellie - pretty much. Somewhere on this forum HisHughness expanded on the difference between the two. But, for our purposes, I'd say "yes."
Reply by PAW_Fl on 2/8/05 10:13pm Msg #19862
Pretty much the same in that it is a lien on property. The big difference is that mortgages typically do not transfer ownership of the property, where a deed of trust transfers ownership to a trustee.
