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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] DOT's with Individuals Posted by SeanW on September 13, 2003 at 11:01 AM I have a relative, that may be interested in loaning back some of my equity, from the foreclosure I bought last week. (He figures why not collect the interest for himself-- instead of watching me pay it to a bank.) Would I need to locate a 3rd party to act as trustee, or can a D.O.T. be recorded between just two parties? I suppose we could just do the note privately, without recording it. But I'm wondering how it should be done "according to usual business standards." Follow Ups: Re: DOT's with Individuals Lughead 2:26 PM, 09/13/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a relative, that may be interested in loaning back some of my equity, from the foreclosure I bought last week. (He figures why not collect the interest for himself-- instead of watching me pay it to a bank.) : Would I need to locate a 3rd party to act as trustee, or can a D.O.T. be recorded between just two parties? : I suppose we could just do the note privately, without recording it. But I'm wondering how it should be done "according to usual business standards." 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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