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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] what about payments detailed in trust deed..........?????? Posted by zachary on May 01, 2003 at 4:43 PM In Reply to: Carry-back is descriptive term, that's all.. posted by Ward-CA- on May 01, 2003 at 3:11 PM : : Ward, : : I know you have given links to sites with lots of contracts, deeds, notes, etc..... : : and I've checked them out but: : : I haven't seen a carry-back trust deed. The deeds that I've looked thru specify all kinds of stuff including payments schedules etc... : : Can you point me in the right direction to where I can find a carry back trust deed that works with the straight-note that you give a seller for the balance of their equity? : : thanks, : : Zachary : =•=•=•=•=•=•=•=•=•=•= : Zachary, : There’s no difference between a regular trust deed and a carry-back trust deed. The term carry-back just refers to the fact that the seller has agreed to carry back part of their sales price in the form of a promissory note and deed of trust that’s secured by the property being sold. : So don’t fret any further. A standard promissory note and deed of trust will do just fine. : Hope this helps. ________________________________________ Ward thanks for the response. I understand that the "carry-back" refers to the seller carring back part of the sales price, its just that all of the regular trust deeds go into monthly payments etc... I don't want to make any payments (princupal or interest) until the payoof when the place sells. Does that make sense? thanks, Zachary Follow Ups: Payments are detailed in the note not the trust deed.. Ward-CA- 5:22 PM, 05/01/03 (0) Payments are detailed in the note not the trust deed.. Ward-CA- 5:22 PM, 05/01/03 (1) I think I understand :-) zachary 5:59 PM, 05/01/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : I know you have given links to sites with lots of contracts, deeds, notes, etc..... : : : and I've checked them out but: : : : I haven't seen a carry-back trust deed. The deeds that I've looked thru specify all kinds of stuff including payments schedules etc... : : : Can you point me in the right direction to where I can find a carry back trust deed that works with the straight-note that you give a seller for the balance of their equity? : : : thanks, : : : Zachary : : =•=•=•=•=•=•=•=•=•=•= : : Zachary, : : There’s no difference between a regular trust deed and a carry-back trust deed. The term carry-back just refers to the fact that the seller has agreed to carry back part of their sales price in the form of a promissory note and deed of trust that’s secured by the property being sold. : : So don’t fret any further. A standard promissory note and deed of trust will do just fine. : : Hope this helps. : ________________________________________ : Ward thanks for the response. : I understand that the "carry-back" refers to the seller carring back part of the sales price, its just that all of the regular trust deeds go into monthly payments etc... : I don't want to make any payments (princupal or interest) until the payoof when the place sells. : Does that make sense? : : thanks, : Zachary Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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