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First Deed of Trust - On Property Held In Trust

Posted by SeanW on June 07, 2003 at 12:17 AM

Ward, I think you'd said this doesn't happen b/c FNMA won't accept these loans. I spent the better part of the morning examining grantors online for my county -- looking for deeds of trust, from trusts.

These *are* few, and far between. Maybe 1 in 2000. But I did find some examples on the standard mortgage forms with MERS numbers. (It's just small mortagage companies doing this-- not biggies like Countrywide. And often the lenders are out-of-state.)

Would you say this is something that shouldn't have happened, but did? Or is it evidence that although lenders don't LIKE to lend on trusts, it can be done?



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