Some states' laws provide for the use of a deed of trust and note instead of a mortgage.

Name: Some states' laws provide for the use of a deed of trust and note instead of a mortgage.
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Several states, such as California and Texas, use a deed of trust and note instead of a mortgage. The main difference between the two is that in a mortgage, the borrower holds the title to the property, while in a deed of trust, a trustee holds the title until the loan is paid off.

Some States' Laws Provide for the Use of a Deed