CAN I JUST TYPE THE PROPERTY ADDRESS ON THE PROMISSORY NOTE AND SAVE MYSELF THE EXPENSE AND HASSLE OF A DEED OF TRUST OR MORTGAGE? We’ve run across Promissory Notes recorded with the County, rather than a Deed of Trust or Mortgage. This is NOT a good idea. The Promissory Note is a negotiable document. The [...]
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So far 5pints has created 17 blog entries.
You’ve decided to be a Real Estate INVESTOR without the headache of actually owning property. This usually means you’re going to provide funding for someone else to buy property and the property will serve as security for your loan, OR….. It could be you just want to loan a friend or relative some money, but you’re [...]
So, you need to split a parcel. What do you need to know before you began? The very first thing you need to know is: “Are you allowed to split your parcel.” Now, you may be thinking, “This is my property (or properties) and I can do whatever I want with my stuff!” This is true… [...]
Quitclaim Deeds: When You Should Use Them In a previous post, we discussed the Top 3 Reasons Why You Shouldn’t Use A Quitclaim Deed. Of course, there are times when it is appropriate to use a quitclaim deed! The best use of a quitclaim deed is to remove a cloud from the chain of title. What’s that mean? Any time there is a real or [...]