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Deed To Secure Debt for the United States

Deed To Secure Debt Template for United States

A Deed to Secure Debt is a legal instrument primarily used in Georgia, United States, that transfers legal title of real property to a lender as security for a debt, while allowing the borrower to retain possession and use of the property. Unlike a mortgage, it actually conveys title to the lender until the debt is paid in full, at which point the title automatically reverts to the borrower. This document provides the lender with strong security rights and enables non-judicial foreclosure if the borrower defaults.

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Deed To Secure Debt

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What is a Deed To Secure Debt?

A Deed to Secure Debt is a specialized security instrument unique to Georgia law that provides lenders with robust protection in real estate financing transactions. This document type differs from traditional mortgages in that it actually transfers legal title to the lender while allowing the borrower to retain possession and use of the property. The document includes detailed property descriptions, debt terms, default provisions, and foreclosure procedures. A Deed to Secure Debt is particularly valuable to lenders because it enables non-judicial foreclosure, making the foreclosure process potentially faster and less expensive than in mortgage states. The document is commonly used for both residential and commercial property financing in Georgia.

What sections should be included in a Deed To Secure Debt?

1. Parties: Identification of Grantor (borrower) and Grantee (lender), including their full legal names, addresses, and legal capacity

2. Property Description: Detailed legal description of the secured property, including address, boundaries, parcel numbers and any easements

3. Debt Description: Specific details of the underlying debt being secured, including principal amount, interest rate, and payment terms

4. Covenants and Warranties: Grantor's promises regarding property maintenance, insurance, taxes, and other obligations

5. Default Provisions: Comprehensive terms defining events of default and available remedies for the lender

6. Power of Sale: Authority and procedures for non-judicial foreclosure in case of default

What sections are optional to include in a Deed To Secure Debt?

1. Secondary Financing Provisions: Terms governing additional financing or future advances against the property

2. Assignment Provisions: Terms governing the transfer or assignment of the security deed to other parties

3. Riders: Additional terms for special property types such as condominiums or planned unit developments

What schedules should be included in a Deed To Secure Debt?

1. Schedule A: Comprehensive legal description of the property including metes and bounds or lot descriptions

2. Schedule B: List of permitted encumbrances, exceptions, and existing liens on the property

3. Exhibit A: Copy of the promissory note or other debt instrument being secured by the deed

4. Property Survey: Official survey showing property boundaries, improvements, and easements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Document Type

Trust Deed

Cost

Free to use
Clauses




























Industries

Georgia Code 锟斤拷 44-14-60: Primary state legislation governing security deeds in Georgia, establishing the basic requirements and framework for deeds to secure debt

Georgia Recording Statutes (O.C.G.A. 锟斤拷 44-2-1): Laws governing the recording requirements for real estate documents in Georgia, including proper filing and indexing procedures

Georgia Foreclosure Laws (O.C.G.A. 锟斤拷 44-14-160): State legislation governing foreclosure procedures, notice requirements, and borrower rights in Georgia

Truth in Lending Act (TILA): Federal law requiring lenders to provide standardized disclosures about credit terms and costs to borrowers

Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures and prohibiting certain practices in real estate transactions

Home Mortgage Disclosure Act (HMDA): Federal law requiring financial institutions to maintain and disclose data about home lending to ensure fair lending practices

Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions, including mortgage lending, based on protected characteristics

Fair Housing Act: Federal law prohibiting discrimination in housing-related transactions, including mortgage lending, based on protected characteristics

Dodd-Frank Wall Street Reform: Federal legislation implementing comprehensive financial reform, including provisions affecting mortgage lending and consumer protection

CFPB Regulations: Federal regulations issued by the Consumer Financial Protection Bureau governing consumer financial products and services, including mortgages

Local Recording Requirements: County-specific requirements for document formatting, margins, font size, and other technical specifications for recording

Property Description Requirements: Legal requirements for accurately describing the secured property, including metes and bounds or lot/block descriptions

Notarization Requirements: State laws governing proper notarization of security deeds, including witness requirements specific to Georgia

Priority of Liens Regulations: Laws governing the priority of different types of liens and encumbrances on real property

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