Delaware uses which security instrument?

Deeds of trust are not used as the primary security instrument in Delaware. They involve a three-party relationship between borrower, lender, and trustee, allowing for non-judicial foreclosure which Delaware law does not favor.

Delaware does not use both instruments equally. While mortgages are predominant, deeds of trust might exist in specialized situations but are not the standard security instrument.

Land contracts are installment sale agreements, not security instruments. They involve transferring property title to the buyer while the seller retains legal title until full payment.