Tennessee Deed of Trust

A deed of trust (DOT), is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender according to terms defined in an attached promissory note. It's similar to a mortgage, but differs in that mortgages only include two parties (borrower and lender).
In Tennessee, a Deed of Trust is the most commonly used instrument to secure a loan. Foreclosure can be done non-judicially, saving time and expense. This process is called a Trustee Sale.
There are three parties in this Deed of Trust:
1- The Grantor (Borrower)
2- Holder (Lender) and a
3- Trustee (Neutral Third Party)
Basic Concept. The Trustor (Borrower) conveys property title to a Trustee (Neutral Party). A Trustee or beneficiary/Lender can take an action against any person for damages.
This form can be used by a party selling/financing their own house, rental, condominium or small office building. A Promissory Note and Deed of Trust combined with stringent default terms, can be advantageous to the Lender.

Deeds.com Tennessee Deed of Trust Forms Have Been Updated as Recently as Tuesday June 30, 2020

4.8 out of 5 (1555 Reviews)

What others like you are saying:

Natalie F. said: So convenient and easy to use! Will definitely recommend to anyone.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Leticia A. said: Down to the point,covers every angle with great tips:Don't forget Probate.

Reply from Staff: Thank you!

Thomas B. said: My deeds were filed with Pinellas County Florida with a simple process and with no problems. 5 star for sure.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Stuart C. said: Quit, clear, simple...just the way it shouldbe! Thank you!

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Donna J. said: Doesn't have samples pertaining to me. Still searching for correct wording forGRANTORS (plural) so its legally written.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

Alan S. said: Great job! Fast and easy. Terrific communications.

Reply from Staff: Thank you!