Under a deed of trust, the property can be sold if the borrower is in default without going through a costly legal procedure. The process is known as a nonjudicial foreclosure.
The deed of trust allows the trustee to maintain the controlling interest in the property until the debt is paid in full. Any deed of trust with a power-of-sale clause, which is nearly always present, allows the trustee to sell the home without needing to foreclose on it first.