What is the usual method of securing a loan to purchase real property in California?
California in most residential purchase situations uses a trust deed process whereby the borrower is designated as the trustor; the lendor or his asignee the beneficiary and a third party usually a title company who assists in the processing of the transaction is named as a trustee with powers and responsibilities that continue during the life of the loan for the benefit of the borrower and the lender, or the lender’s asignee.
