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This Act makes provision with respect to deeds of trust in respect of land. Its purpose is to provide for a satisfactory method of securing the financing of improvements to real property by the United States of America acting through various agencies.A deed of trust is a conveyance of the freehold or leasehold interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument. A deed of trust complying with the terms and conditions of this chapter shall be deemed as a lien or encumbrance upon real property. The Act makes provision, among other things, with respect to execution and (judicial) foreclosure of deeds of trust.
