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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Carrying back "paper"... Posted by Ward-CA- on July 14, 2003 at 6:54 AM In Reply to: carrying paper posted by ginnie on July 11, 2003 at 1:55 PM : Hi ward ,, long time no talk .. hope all is well .. quick question.. I am interested in carrying the paper on an asset ,, what documents are 1. recorded 2. notarized 3. issued .. ie. : Do I record a Deed and Trust Deed on the asset and draw a promissary note, is there a promissary note ?? How are the Grand Kids .. (boy that was a non-sequitur) Hope your still laughing !! : Ginnie :) =•=•=•=•=•=•=•=•=•=•= Ginnie, If you own real property and are going to sell it then you need a deed, probably a Grant Deed. Since the deed would be recorded, the signatures on it would have to be notarized. Then if you were going to carry back part of your sales price in the form of a promissory note, secured by a recorded trust, you’d need the buyers to sign the trust deed in front of a notary public. The note isn’t recorded so their signatures on it don’t have to be notarized. Hope this helps Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi ward ,, long time no talk .. hope all is well .. quick question.. I am interested in carrying the paper on an asset ,, what documents are 1. recorded 2. notarized 3. issued .. ie. : : Do I record a Deed and Trust Deed on the asset and draw a promissary note, is there a promissary note ?? How are the Grand Kids .. (boy that was a non-sequitur) Hope your still laughing !! : : Ginnie :) : =•=•=•=•=•=•=•=•=•=•= : Ginnie, : If you own real property and are going to sell it then you need a deed, probably a Grant Deed. Since the deed would be recorded, the signatures on it would have to be notarized. : Then if you were going to carry back part of your sales price in the form of a promissory note, secured by a recorded trust, you’d need the buyers to sign the trust deed in front of a notary public. The note isn’t recorded so their signatures on it don’t have to be notarized. : : 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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