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Yes, if you are signing a DEED then you are signing the property over completely 100% to the party who is giving you the loan. The normal way to do this is to place a lien or a mortgage on your property and not to have you sign a DEED to the lender.
If they still insist on this, you should ask that their be language right in the deed that states that it only becomes effective in the event that you do not repay the loan by XXXXX date or some such language to protect you.
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