Whether you are thinking about buying real estate or are asked to give a loan for that purpose, you should look into using a Colorado Deed of Trust . According to the Colorado Revised Statutes, this kind of deed is a security instrument containing a grant to a public trustee together with a power of sale (38-38-100.3). Generally, it involves three parties and the statutes use special terms to name them: a borrower (also known as a trustor), a trustee, and a holder of an evidence of debt (also known as a beneficiary). This kind of deed is profoundly explained in the section, Mortgages and Trust Deeds, there you can find information about when such types of deeds can be released, what can be included in the deed, and other details.
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