This is a simple document which pledges real property to secure a loan. This document includes a "Due on Sale Clause," which means that if the borrower sells or transfers the property, the lender may demand the outstanding balance be paid in full if the credit of the purchaser is not satisfactory to transfer the loan to the purchaser. A deed of trust is similar to a mortgage and creates a lien against the property as collateral for the payment of the loan.
