Easily Hide Payment Field in the Deed Of Trust

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How to Hide Payment Field in the Deed Of Trust

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In this video, Clint Coons discusses how to deed property without making the transaction public. He explains that when a property is purchased, a deed is obtained, which is then recorded at the county recorder's office to establish legal ownership. While many people believe that a deed must be recorded for a legally enforceable title transfer, Coons clarifies that recording is not strictly necessary for the transfer itself. However, he emphasizes the importance of recording to protect against claims on the property. The video aims to offer insight into property deeds and their handling that may not be commonly understood.

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Is a deed of trust the same as a promissory note?

While a deed of trust describes the terms of debt as secured by a property, a promissory note acts as a promise that the borrower will pay the debt. A borrower signs the promissory note in favor of a lender.

What is a deed of trust also known as?

A deed of trust (also known as a trust deed) is a document sometimes used in financed real estate transactions, generally instead of a mortgage.

What is another name for a promissory note real estate?

Promissory notes, also known as mortgage notes, are written agreements in which one party promises to pay another party a certain amount of money at a later date in time. Banks and borrowers typically agree to these notes during the mortgage process.

Is the deed of trust security for a promissory note?

What is a Promissory Note Secured By Deed Of Trust? A promissory note secured by deed of trust is a type of loan document that details how and when a borrower will repay money to a lender. A promissory note is a kind of IOU thats secured by property, often property that the borrower owns.

Is a deed of trust the same as a mortgage note?

A deed of trust is a legal agreement thats similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.

How do you remove et al from a deed?

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owners interest in the property.

How do I keep my address private when buying a house?

Steps You Can Take to Protect Your Privacy Immediately establish a P.O. Box or CMRA (commercial mail-receiving agency) and NEVER receive mail or packages at home. Remove your home address from any of your company filings with the State and DO NOT serve as your own Registered Agent sharing your home/street address.

What is the purpose of the deed of trust?

What Is A Deed Of Trust? A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the propertys legal title until the loan is paid in full.

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Hide Payment Field in the Deed Of Trust