From noss1233 at gmail.com Wed Aug 22 23:15:56 2007 From: noss1233 at gmail.com (Tommy Lee) Date: Thu, 23 Aug 2007 09:15:56 +0300 Subject: [Bidi] NUMBER ONE Success System Message-ID: http://www.noss123.com/ The deed of trust is a deed by the borrower to a trustee for the purposes of securing a debt. In most states, it also merely creates a lien on the title and not a title transfer, regardless of its terms. It differs from a mortgage in that, in many states, it can be foreclosed by a non-judicial sale held by the trustee. It is also possible to foreclose them through a judicial proceeding.[*citation needed*] Most "mortgages" in California are actually deeds of trust. The effective difference is that the foreclosure process can be much faster for a deed of trust than for a mortgage, on the order of 3 months rather than a year. Because the foreclosure does not require actions by the court the transaction costs can be quite a bit less.[*citation needed*] Deeds of trust to secure repayments of debts should not be confused with trust instruments that are sometimes called deeds of trust but that are used to create trusts for other purposes, such as estate planning. Though there are superficial similarities in the form, many states hold deeds of trust to secure repayment of debts do not create true trust arrangements. Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate. "Internet Real Estate" is a term coined by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Many internet companies actually use the address of properties as domain names. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.freedesktop.org/archives/bidi/attachments/20070823/a8af601f/attachment.htm