North Carolina uses which security instrument for real estate loans?

Security deeds are primarily used in Georgia and a few other states, not North Carolina. They function similarly to mortgages but with different terminology and procedures.

Mortgages are the traditional security instrument in many states like New York and Pennsylvania, but North Carolina specifically uses deeds of trust instead of mortgages for real estate loans.

Land contracts are installment sales contracts where the seller retains legal title until the buyer completes payments, not security instruments used by lenders in North Carolina.