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The Differences Between a Deed & a Deed of Trust Who Is the Trustee in a Deed of Trust? A deed of trust with assignment of rents is the document that underlies the loan on a rental property. The lender's security interest in the property gets created by the deed of trust. The ...
The buyer then has the assignment of trust deed recorded with the registrar of the county where the property is located. A borrower has no legal right to block or negotiate the terms of an assignment of trust deed. The assignment does not affect the terms of the loan.