What Is A Deed Of Trust And Promissory Note In Property Transactions?

A deed of trust and promissory note are essential components in property transactions that provide security and protection for borrowers and lenders. Understanding their terms and conditions is vital to avoid potential disputes and facilitate a smooth transaction process.

What Is Seller Financing?

Seller financing offers a flexible alternative to traditional bank loans for property purchases, benefiting both buyers and sellers in real estate transactions. With customizable payment terms and faster closing processes, this unconventional method can be advantageous for homeownership, but it’s crucial to understand the associated benefits, risks, and key components before proceeding.