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Hide Alternative Choice in the Deed Of Trust

Hide Alternative Choice in the Deed Of Trust

Aug 6th, 2022

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How to Hide Alternative Choice in the Deed Of Trust

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In today's video, the focus is on understanding the components of a promissory note, deed of trust, and their relevance to house buying involving investors and lenders. The speaker emphasizes the importance of the lending process for those interested in wholesaling or flipping houses, highlighting that financial resources are essential for acquiring properties. A case study is presented where an investor identifies a valuable property and seeks funding from a lender, detailing a scenario where the homeowner is willing to sell a house for $40,000, suggesting significant equity potential once the property is renovated. Understanding financing is crucial for advancing in real estate investment.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Does a deed of trust show ownership?

First things first, a declaration of trust is in place to make sure no-one can change their minds about how the money is split when the property is sold. But situations change, and such legal documents might need updating. The deed can be re-written to reflect changes, but it needs the consent of both parties.

What is the disadvantage of a deed of trust?

If your circumstances change any you are no longer able to make your payments, your Trust Deed may fail and you will still be liable for your debts or even forced into bankruptcy.

How long is a deed of trust good for in Texas?

Beneficiary/Payee: --Deed of Trust lien becomes barred 4 years after original/extended maturity date of the secured obligation [TEX. CIVIL PRACTICE REMEDIES CODE 16.035].

How long does a deed of trust last?

A correctly prepared Declaration of Trust is designed to be unambiguous and comprehensive, which makes it intentionally difficult to challenge the deed in court. Only where fraud or misrepresentation can be proved to have occurred will a court consider disregarding a Declaration of Trust.

What happens when Trust Deed ends?

At the end of your Trust Deed term, any unsecured debt that you werent able to repay during your Trust Deed will be written off. You will now be free to enjoy life after debt.

Does a deed of trust expire in California?

California Civil Code 882.020 provides that a DOT has a statute of limitations of 60 years following the DOTs recording if the DOT neither includes a copy of an underlying promissory note nor indicates the date the obligation matured. Otherwise, the statute of limitations is 10 years from the maturity date.

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