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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: DOT's with Individuals Posted by Lughead on September 13, 2003 at 2:26 PM In Reply to: DOT's with Individuals posted by SeanW on September 13, 2003 at 11:01 AM he can be the trustee or any title co can act as trustee : 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: Post a Followup: Name : E-Mail : Subject : Comments: : he can be the trustee or any title co can act as trustee : : 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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