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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Payments are detailed in the note not the trust deed.. Posted by Ward-CA- on May 01, 2003 at 5:22 PM In Reply to: what about payments detailed in trust deed..........?????? posted by zachary on May 01, 2003 at 4:43 PM : 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 ===================== Zachary, No, almost always the terms of the repayment of a secured loan are detailed in the promissory note, not in the accompanying trust deed. For example to cover your situation you'd want a Straight Note secured by a trust deed. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : 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 : ===================== : Zachary, : No, almost always the terms of the repayment of a secured loan are detailed in the promissory note, not in the accompanying trust deed. : For example to cover your situation you'd want a Straight Note secured by a trust deed. : Hope this helps. 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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