Escrow & Title
In Maryland, a deed of trust is used instead of a traditional mortgage in some transactions. The primary difference is that:
AA deed of trust does not secure a loan
BA deed of trust involves a neutral trustee holding title, allowing non-judicial foreclosure in some cases✓ Correct
CA deed of trust requires no recording
DA deed of trust can only be used for commercial loans
Explanation
A deed of trust involves three parties and title is held by a trustee. In some states (though Maryland is judicial), this structure is used to facilitate foreclosure.
Related Maryland Escrow & Title Questions
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