If you want to purchase real property with a loan, and secure the position of all of the involved parties you can use an Arkansas Deed of Trust . The Code of Arkansas defines this type of document as a deed that conveys real property in trust to secure the performance of an obligation of the grantor (or a trustor) to the beneficiary (18-50-101(2)). When a beneficiary wants to initiate a foreclosure, they are supposed to comply with the code and follow the requirements listed in sections 18-50-102, 18-50-103. Other stipulations can be found in Title 18, Subtitle 4 (Mortgage and Liens).
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