Hard Money Second Trust Deed
Jan. 31, 2019) found out the hard way about the. but the trust wouldn’t accept the donation unless the homeowner also donated 10 percent of the value of the easement. The U.S. Court of Appeals for.
"I trust. deed for $12,500 made out to an associate of the broker with a signature Allen said was not his own. He also did not receive any of the cash promised him. "They took it all away from me.
A second deed of trust simply means that another deed was given out, after the first, to secure the second loan with the equity in the house. Much like a first deed of trust, the second deed of trust is a promissory note that requires monthly payments and accrues interest.
Second Trust Deed With a Second Trust Deed a borrower is using a second mortgage or home equity loan as collateral when looking for funding. With a 2nd trust deed you agree there is some other trust deed that’s already using the property for collateral.
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the maximum commission a loan broker may charge to negotiate an $8,000 hard money first trust deed, due in 2 years is: $400 OR 5% THE MAXIMUM COMMISSION A LOAN BROKER MAY CHARGE TO NEGOTIATE A $4,000 HARD MONEY SECOND TRUST DEED, DUE IN 3 YEARS IS: