In the context of trust deeds, who is typically referred to as the trustor?

In the context of trust deeds, the trustor is the party who borrows money and conveys a security interest in their property to secure the loan. Typically, this is the borrower, who is taking out the loan. When a trust deed is used, the borrower gives the lender a right to take possession of the property in case of default on the loan. This legal arrangement creates a trust relationship, where the borrower is the trustor, and the lender is often referred to as the beneficiary.

Understanding this role is critical, as it defines the responsibilities and rights of each party in a real estate transaction involving a trust deed. The borrower, or trustor, commits to fulfilling the loan agreement while the lender secures their investment with real property. The other entities listed, such as the lender (beneficiary), title company, and mortgage insurer, play different roles in the transaction but do not fulfill the trustor's role.