Standard Contracts
What does grantee mean in real estateReal Estate Trust Agreement • March 11th, 2021
By George Lawrence D. Updated November 28, 2018 California is a trust state, meaning it uses this document to secure credit with a lender instead of a traditional mortgage. In this contract, a third party known as a custodian holds the legal right of ownership of the property until the mortgage is paid in full. The main advantage is for the creditor, as the custodian can block without taking a borrower to court, saving time and costs. Although a case of trust secures the loan made by a creditor, the party named as the custodian is available to the creditor. There are three parties to a California trust case: a borrower, a lender and a trustee. The constabulary is the person who distributes the property or interest in the real estate – the borrower. To ensure that the property has received the property, it is a recipient. With a case of trust, this is not the creditor; rather, the custodian who holds a legal right is available while the borrower fulfils his obligation to repay the lende
