List of US states that use trust deeds, list of states that use both deeds of trust and mortgages and a list of states that use mortgages.

Trust Deed States

Alaska
Arizona
California
Mississippi
Missouri
North Carolina
Nevada
Virginia
Washington DC

States that use Both Deeds of Trust and Mortgages

Colorado
Montana
Texas
Idaho
Nebraska
Utah
Illinois
Oklahoma
Wyoming
Iowa
Oregon
Washington
Maryland
Tennessee
West Virginia

* Georgia uses a security deed
** Custom dictates which document is used

Mortgage States

Alabama
Louisiana
North Dakota
Arkansas
Maine
Ohio
Connecticut
Massachusetts
Oregon
Delaware
Michigan
Pennsylvania
Florida
Minnesota
Rhode Island
Hawaii
New Hampshire
South Carolina
Indiana
New Jersey
Vermont
Kansas
New Mexico
Wisconsin
Kentucky
New York

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Five Important Benefits Of Owning Credt Cards
Written by Administrator   
Tuesday, 19 August 2014
In a bid to obtain new customers, credit card companies regularly offer very tempting deals. Many major credit card providers include “zero percent on purchase” clause in their deals. It means, consumers could get zero-interest loan on a new purchase for specific period of time. When used properly, credit cards are a good method to get interest-free loan with absolutely no additional fees.
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Signing Loan docs
Written by Administrator   
Tuesday, 19 August 2014
Signing loan documents can be intimidating even for the most seasoned real estate professional. But things are even worse today because most Title Companies offer their clients the convenience of having a mobile notary bring the loan documents to their homes to get signed. That means the Escrow Officer is nowhere to be seen and most notaries don’t know enough to properly answer peoples’ questions. Without any way of getting clear answers, the signing process has become even more frightening than before.
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Trusts and probates
Written by Administrator   
Tuesday, 19 August 2014
ImageFormulating the way your assets are distributed to your relations is something that you really are advised to do while you’re living and healthy; not something to only start thinking about when you are about to kick the bucket. One of the things you can do is formulate your estate planning, or the way your wealth is distributed to your loved ones - via trusts.

With the economic crisis affecting almost every corner of the globe, the increased uncertainty and risk of litigation in a challenging economic climate should be compelling enough for the financially healthy person to make use of existing asset protection strategies under his/her State’s law by appointing existing professional trustee companies that are licensed, audited, and regulated for this purpose.
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Nevada takes a positive step in regulating trust companies
Written by CR Melon   
Sunday, 12 April 2009

ImageThe Nevada state Senate has taken a positive step in the right direction by passing a bill requiring new trust companies to have a minimum capital of $1 million by 2012. At the same time, the bill also allows existing trust companies the grace proviso to raise their minimum capital to at least $500,000 by 2012. Trust companies in Nevada are widely relied on to handle anything from trust deeds, commodity investments, to family trusts.

Currently, trust companies in Nevada have only to maintain a capital of $300,000 in order to operate, and this was viewed as inadequate, according to George Burns, commissioner of the Financial Institutions Division. Burns’ proposal was passed almost unanimously with a 6-0 vote with one member absent.

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White Paper Offered to Help Choose Trust Deed Firms
Written by CR Melon   
Tuesday, 24 February 2009

Trust deed investmentsWhite Paper Offered for Financial Professionals; "Nine Things" Aims to Help CPAs, Planners Choose Trust Deed Firms Wisely

A leading trust deed investment firm has prepared a new white paper to help financial professionals evaluate trust deed investment providers on behalf of their investor clients. "Nine Things to Consider When Evaluating Trust Deed Investment Resources" provides a list of factors to consider when matching a trust deed investment provider or deal with a specific client or investor group.

Sacramento, CA (PRWEB) February 24, 2009 -- Sterling Pacific Lending, Inc dba Sterling Pacific Financial, a leading trust deed investment firm, has prepared a new guide for financial professionals to help them evaluate trust deed investment providers on behalf of their investor clients.

Offered at no charge to CPAs, financial planners, investment advisors and other financial professionals, "Nine Things to Consider When Evaluating Trust Deed Investment Resources" (see link at the end of this release) provides a list of factors to consider when matching a trust deed investment provider or deal with a specific client.

"With over a decade of success in this category, we're of course ardent advocates of trust deed investments as an alternative option to public securities -- especially in the current economy," said Joshua Fischer, managing director and principal of Sterling. "However, we also know there is significant variety among trust deed investment choices and providers. Helping advisers understand the differences is one way we can help trust deed investors meet their goals."

One recommendation is to understand the risk profile of a trust deed investment provider's approach and match it to the risk preferences of the investor or group of investors -- because even though trust deed investments as a group are relatively low risk, there are gradations that advisers and investors should consider.

For instance, offerings restricted to first deeds of trust and the lowest loan-to-value (LTV) ratios keep risk to an absolute minimum. "Even the most conservative trust deed investments can generate stable income and stay well ahead of inflation, with yields of 9% or more," said Fischer. "It's a reassuring solution for rebuilding portfolios without putting principal at unnecessary risk."

Moreover, further diversification can be achieved by working with trust deed investment companies that offer mortgage pools. "A mortgage pool combines the collective investment advantages of a mutual fund with the inherent stability of trust deed investing," said Fischer, adding that "mortgage pools are especially attractive for retirement investors looking for growth, income and principal preservation." Advisers can look for these kinds of products when evaluating trust deed investing options for their most risk-sensitive clients. On the other end of the spectrum, investors willing to fund riskier developments or take on second position deeds can be rewarded with higher potential returns -- as high as 15% or more currently.

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Are Trust Deed Investments Replacing the Stock Market?
Written by Trust Deeds   
Saturday, 21 February 2009

stocks-then-deeds-nowA press release on pr.com claims investors seem to be capitalizing on the credit crunch and tightened credit standards by using trust deeds as an alternate form of financing debt. From the article:

A Seattle based real estate investment firm announced today that it has been receiving numerous inquires from real estate investors recently for trust deed investments. Trust deed are typically in the form of hard money and used by corporations and developers to securely finance real estate projects. Investors seem to be capitalizing on the credit crunch and tightened credit standards of most banks by trying to fill in the liquidity gap. The credit crunch has not alleviated the need for capital to complete necessary projects and corporations are actively seeking out alternative sources of financing for their projects.

With the stock market producing negative returns, trust deeds can make sense for investors looking for security and a fixed rate of return. Hard money investments are typically short-term in nature and are placed at a very low loan-to-value ratio (typically a maximum 65% LTV) providing for security even in a declining real estate market. Interest rates can be in the neighborhood of 12%.

Trust deed investments are an alternative source of financing during the credit crunch, said Joel Barth, a real estate broker and officer in Seattle. The loans are popular among borrowers because they represent short-term loans, which can close much more quickly than traditional forms of financing. Time is often of the essence in closing on a lucrative real estate investment opportunity. For investors, trust deeds are popular because their investment does not fluctuate like the stock market and in the event of default they can usually recoup the majority of their investment by selling the underlying property.

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TD Roundup
Written by CR Melon   
Wednesday, 05 November 2008

court-house-steps-auctionTwo articles were of interest this week: From the article: Auction on the Courthouse Steps - This week, our neighbor's property came up for public auction. We were curious, so we went to see what happened. It was cold and windy and the three auctioneers had to hold onto all of their papers tightly.

Each auctioneer was from a different company. They stood apart from each other, against different sections of the black iron gate and arch of the San Jose Superior Court building. Technically, this sale was "on the courthouse steps" but actually we were at the back of the court building. The real courthouse steps are usually crowded with potential jurors waiting to go through security screening.

From the article: Surprisingly, in some states, you can stop house foreclosure up until the day before your house is sold at the sheriff’s sale. How can you do this? Many states have what is called a right to cure. A right to cure is essentially a right to cure the loan. What does that mean? It means that you have the right to get the loan current with your bank. This means that you will need to pay all back payments, late fees, attorney’s fees and any other necessary fees to get the loan back in good standing with your bank.

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Are You Ready to Be the Bank?
Written by CR Melon   
Wednesday, 20 August 2008

Be the bankerThe Seattle times give some advice on Trust Deed Investing in their weekly investment column. From the article:

"Question: A family friend who is in the mortgage business told me about something called a "trust deed." It pays really great interest, like 12%, but I can't tell if it's a stupid investment or not. Before I fall for something, I wanted your opinion. — Peter in Modesto, Calif.

Answer: Trust-deed sales effectively make you — or you and a group of others — the banker in someone else's property deal. The trust deed itself is the document that a land owner provides as security for financing; effectively, you are getting a promissory note, where your loan is secured by the property.

Payouts on trust deed deals frequently run in the 10% to 13% range.

For an average investor, trust deeds have a lot of risk. That said, they have yet to be featured as a "stupid investment," because I haven't seen a lot of trust-deed failures, despite sales-practice concerns that prompted the California Department of Real Estate to issue a "What You Should Know" brochure in 2007.

What is clear is that trust-deed investing is tricky stuff, even before factoring in the current credit crunch and real estate meltdown. Put your money into the wrong deal and you're looking at the kind of failure that has driven some banks to the brink, having an ownership stake in a property that is losing value and that you have to take back from the borrower through foreclosure.

You don't have a bank's deep pockets or ability to withstand losses.

What's clear about trust-deed investing is that there's a lot to know in order to get comfortable with it, starting with the experience and integrity of the loan broker but extending to what happens if the deal goes sour. Because of the dollars involved, this typically isn't something the average investor considers, but if you're starting at the point of "something called a trust deed," it's clear you don't know enough to make it a smart investment for you."