What Is a Deed of Trust in Nevada?

Short Answer: A deed of trust is the instrument commonly used in Nevada to secure a real estate loan. It involves a borrower, a lender or beneficiary, and a trustee, and it gives the lender a security interest in the property that may be enforced if the borrower defaults.

Quick Take

• Nevada commonly uses deeds of trust rather than traditional mortgages.
• The borrower is usually called the trustor.
• The lender is the beneficiary.
• The trustee may conduct foreclosure if default procedures are followed.

How a Deed of Trust Works

The deed of trust is recorded against the property. It secures repayment of the underlying note and gives the beneficiary remedies if the borrower defaults.

The Three-Party Structure

The trustor is the borrower, the beneficiary is the lender, and the trustee holds limited power to act under the deed of trust, including foreclosure when legally authorized.

Why It Matters

A deed of trust affects title, sale, refinance, payoff, default rights, and foreclosure risk. It should be reviewed before purchase, transfer, or settlement negotiations.

Reno Example

A buyer purchases a Reno home using seller financing. A properly drafted note and deed of trust protect the seller if the buyer later defaults.

When to Call a Lawyer

Call before signing, modifying, assigning, releasing, foreclosing, or disputing a deed of trust.

This page is general information, not legal advice. Nevada law changes and the result in any matter depends on the specific facts and documents. No attorney-client relationship is formed unless confirmed in a written engagement agreement.