Deed of Trust Form - Indiana

An Indiana Deed of Trust is not recognized in Indiana Code, therefore, you can come to a conclusion that in this state individuals use mortgages for securing the loans. There are a few differences between them, but the main one is that a deed of trust involves a third party - a trustee - that holds the title of ownership of the real property until the borrower pays back to the lender. Another important difference is that this kind of deed involves a non-judicial foreclosure, which means that the lender does not need to file a lawsuit (as long as the deed contains a power of sale clause).

Related Forms and Topics:

• Indiana Gift Deed;
• Indiana Warranty Deed;
• Indiana Special Warranty Deed.