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 [...]
About 5pintsThis author has not yet filled in any details.
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 begin ? 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 [...]
Let’s take a moment to address the differences between a Quitclaim Deed and a (Special) Warranty Deed. There are several points to consider when choosing the correct deed to use for a title transfer. When you look at the differences between the deeds and scenarios for which each is best suited, you might reconsider using that Quitclaim Deed to transfer title. Quitclaim Deeds: Why They Stink A Quitclaim Deed (often [...]