Thursday
May312012

What are 1st Trust Deeds?

When we reference Trust Deeds, we are actually referring to two seperate legal contracts, a promissory note and security investment. A promissory note is an IOU between 2 or more parties in which the payor owes a beneficiary a principal sum of money, usually with interest, and payable over a set period of time. The security instrument is either a deed of trust or mortgage (depending on the state) that is recorded on public record and secures the note with real estate as collateral. If the payor defaults on the note, the security instrument gives the beneficiary the right to foreclose and take back that asset to make their obligation whole. While there are promissory notes on numerous asset classes, TDI's focus is on investing in Trust Deeds secured by real estate.

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Reader Comments (1)

Quite shivery awesome post.I think everyone get a positive information about trust deeds.

July 13, 2012 | Unregistered Commenterbatilkhan69

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