Are you confused about your trust deed investing? Don’t stress about it. This may just be the best thing you ever do for yourself, but the truth of the matter is, you have to know the facts before you get started. If you’re caught in the middle without any knowledge of trust deed investing, you may find the process is time consuming.
You don’t have to get flustered about it though. A little bit of knowledge will go a long way and it will show your mortgage Mortgage broker how serious you take this process.
The first thing you should chat with your mortgage Mortgage broker about is how you deed of trust investing will be procured. In trust deed investing, there are two different options; you can have your trust deed investment secured by a fractionalized deed of trust, which means more than one lender or note holder, or you can have your trust deed investment secured by a whole deed of trust, which means that there’s only one lender or note holder and there are different regulations for both.
Another thing to keep in mind is that fractionalized promissory notes and deeds of trust are subject to regulation by the DRE (Real Estate Law) and the DOC (Securities Law). You may recall that the Real Estate Law is also known as the “multi-lender law.” You might wonder why these laws exist; to put it simply, these laws enforce restrictions such as the mortgage Mortgage broker must service your Mortgage and have a written agreement with you and no more than ten lenders at a time on a single investment.
Taking the time to understand your trust deed investing will make you feel a lot better about the experience as well as make things easier for you and your mortgage Mortgage broker. But while on the topic of mortgage Mortgage brokers, make sure that you really know the person you are dealing with. It will make the entire trust deed investing process that much easier.
Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027