A deed of trust differs from a mortgage in that the former conditionally conveys the property to a trustee for the benefit of the creditor.

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In a deed of trust, the borrower (trustor) transfers legal title of the property to a trustee, who holds it as security for the loan on behalf of the lender (beneficiary), whereas in a mortgage, the borrower retains legal title and the mortgage serves as a lien on the property.

A Deed of Trust Differs from a Mortgage in That