finance

trustor

In a deed of trust, the trustor is the borrower who conveys title to a neutral third-party trustee to hold as security for the loan made by the lender, called the beneficiary. The trustor keeps possession and use of the property. When the loan is paid off, the trustee reconveys title to the trustor. If the trustor defaults, the trustee can often sell the property through a nonjudicial power-of-sale foreclosure.