| Real Estate Terms -> What are 1st Trust Deeds |
1st Trust Deeds
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What are 1st Trust Deeds? |
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Real estate financing can involve more than just one Trust Deed or Loan. Each loan has a priority which is usually based on which loan was recorded first. The loan with the highest priority is the 1st Trust Deed and this is the 1st loan to be repaid when the property is transferred, sold, or even has to be sold in a foreclosure. |
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