Whether you are thinking about buying real estate or are asked to give a loan for that purpose, you should look into using an Idaho Deed of Trust . This type of loan involves three parties: a trustor (a borrower), a trustee, and a beneficiary (a lender). The trustee's duty is to either reconvey the title upon satisfaction of the loan or to initiate foreclosure as directed by the beneficiary. According to the Idaho Statutes, a deed of trust conveys real property to a trustee in trust to secure the performance of an obligation of the grantor (or a trustor) to a beneficiary (45-1502).
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