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What is the difference between a mortgage and a deed of trust?
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The main difference between a mortgage and a deed of trust is that a mortgage creates a lien against the property, which means that if the borrower does not make their payments on time, the lender can take possession of the property. A deed of trust, on the other hand, actually transfers the title of the property to a trustee, which is then held in trust until the terms of the loan are fulfilled.