What Is a Security Deed?

Answer

A document stating that a borrower has taken out a mortgage loan for a piece of property is called a security deed. This is true in Georgia, however in other states this same document is simply referred to as a mortgage or deed of trust. The security deed states all of the parties involved - the buyer and the lender, the loan amount, the monthly payment and term for the loan, when payments are due, and when the loan reaches maturity. The security deed is proof of debt and places a lien on the property until the loan is paid off.
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Q&A Related to "What Is a Security Deed?"
A security deed is the proof on paper that a lien on a property exists. Usually a lien is put on a piece of property when someone owes a substantial debt.
http://answers.ask.com/Business/Finance/what_is_a_...
A security deed, sometimes called a deed of trust, is a document that the buyer signs pledging an interest in his property to the lender as collateral for a home loan. In 34 states,
http://www.ehow.com/info_8719406_affidavit-lost-se...
A security deed is used as part of a mortgage type transaction. It is a conditional conveyance of the property to the lender while the debt is outstanding. Legal title is transferred
http://wiki.answers.com/Q/What_is_a_security_deed
Type of mortgage used in many states whereby property is deeded to a lender to secure a debt. See title theory state ; contrast trust deed . Example: In order to obtain a mortgage
http://www.answers.com/topic/deed-to-secure-debt
Explore this Topic
Well - this is kind of an ambiguous question. A Security Deed technically vests property in the Bank that is loaning the money to the property owner, and the Security ...
Well - this is kind of an ambiguous question. A Security Deed technically vests property in the Bank that is loaning the money to the property owner, and the Security ...
The deed of trust to secure assumption is a document that accompanies an assumption deed so that the grantor is able to make payments to the lender in case he ...
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