[Bidi] NUMBER ONE Success System
noss1233 at gmail.com
Wed Aug 22 23:15:56 PDT 2007
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
"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.
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