Full question:
Can the Grantor be the trustee and the beneficiary on a deed of trust? We are doing a seller finance and an attorney is not drawing the documents.
- Category: Real Property
- Subcategory: Deeds
- Date:
- State: Texas
Answer:
A deed of trust involves three parties: the Grantor (the owner), the Trustee (who holds the power of sale), and the Beneficiary (the lender). In many cases, the Grantor can also serve as the Trustee and the Beneficiary. However, it's essential to ensure that this arrangement complies with state laws and does not create conflicts of interest.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.