The Trust Deed -characteristics, provisions, enforcement mechanisms, and alternative security arrangements related to the document used to impose a lien on real estate. Trust Deed Fundamentals and Legal Nature The trust deed is the preferred security device used to impose a voluntary lien (a mortgage) on real estate to secure a debt evidenced by a promissory note. Although the […]
Trust Deeds – California deeds, alternative financing, and related processes in real estate finance. This report Primarily focus on three major areas: the essential nature and legal framework of trust deeds; the mechanics, advantages, and risks associated with All-Inclusive Trust Deeds (AITDs) and loan takeovers; and the specific provisions governing processes like impound accounts, assignment […]
Form – Substitution of Trustee Substitution of Trustee, a legal document used exclusively in states that use a deed of trust for real estate loans (like California, Texas, and others). It is a critical document in the foreclosure process. Here is a clear breakdown of its purpose and function: Primary Purpose The sole purpose of a Substitution […]