- Trust Deed Investing
As you dive into the world of deed of trust investing
, you may feel a little overwhelmed. That’s natural when you’re doing something as important as trust deed investing,
but there is a way to make it a little easier on yourself; make sure you know what you need to about your trust deed investing.
Beginning your trust deed investing means that you are ready to take a big step in your life, it shouldn’t be taken lightly, which means you should be doing some trust deed investing research.
You should know what your mortgage loan broker is like, first and foremost. Why does it matter? Your mortgage loan banker who will be guiding you through this process, having your Property papers together, and understanding the different steps required to get for your trust deed investing.
Additionally, keep in mind that you should have a general understanding of escrow. It can be confusing, but it doesn’t have to be. Do your research; escrow instructions usually come with guidance from those putting together your deed of trust investing. Remember that the promissory note and deed of trust must be delivered to you or an independent custodian on your behalf at the close of escrow. Also note that a broker is the one who must deliver copies of the deed of any trust to the investor and the borrower a short time after the recording date.
If you can understand trust deed investing and have a general knowledge of both escrow and the type of person your mortgage loan broker is, you are way ahead of the game. Putting in time to invest yourself in research really does pay off when you begin the trust deed investing process. Never put off learning more. It will help you in the long run.
- Sandy Cramer Hard Money Lender