Deed of Trust
A deed of trust is a legal document that secures a mortgage loan by giving a third-party trustee the authority to hold the property title until the loan is paid in full.
In most states, a deed of trust is recorded at closing and serves as the lender's security interest in the property. If the borrower defaults, the trustee can initiate foreclosure proceedings on behalf of the lender.
Louisiana does not use deeds of trust. Instead, the state uses mortgage instruments governed by civil law. The legal process and terminology differ from most other states, which is one reason working with a Louisiana-based lender matters.
Why This Matters: Understanding the legal instrument securing your loan helps you know your rights and obligations as a homeowner. In Louisiana, the process works differently — and having a lender who understands state-specific law protects your interests.
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