A deed of trust represents a homeowner's agreement to repay a mortgage loan. In contrast to a mortgage, a deed of trust involves three parties: the borrower, the lender and an impartial, third-party trustee who holds the property in trust for the benefit of the lender. The trustee may foreclose on a deed of trust if the borrower defaults on the loan. A second deed of trust, like a first deed of trust, secures the loan against the property's value....