Trust deeds necessarily involve a third party- the trustee. Colorado deed in trust requires a completed and signed deed of trust form. The transaction will be duly recorded in the specific locality the property is located.
A Colorado promissory note can also be used in deeds of trust Colorado. It is a note made by the borrower for the lender indicating his promise to pay in full the borrowed amount and interests.
If the amount has already been fully paid by the borrower, a deed of release will be issued.
Take note that in buying a property it is prudent to ask for a Colorado warranty deed to make sure that the seller has the legal right to sell the property.
