Asked in Real Estate Law for Colorado

Q: Is a promissory note also required to file a Trustee's Deed?

I need to make sure I understand the difference between a Trustee's Deed and a Deed of Trust. I also need to know if a Trustee's Deed can make the Grantee the owner of the trust and its debts without the knowledge of the Grantee.

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery

A: Trustee's Deed is a conveyance from a Trustee, which usually is generated by a foreclosure. Deed of Trust is a security instrument, making property collateral for the payment of a Note. If a Deed is not delivered to the grantee, it is not a conveyance.

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