Information on deeds of trust for sale including buyers guides, states that offer trust deeds. http://www.buytrustdeeds.com Tue, 09 Mar 2010 20:31:39 +0100 FeedCreator 1.7.2 http://www.buytrustdeeds.com/images/M_images/joomla_rss.png http://www.buytrustdeeds.com Information on deeds of trust for sale including buyers guides, states that offer trust deeds. http://www.buytrustdeeds.com/content/view/38/ Formulating 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. News - Latest Sun, 07 Jun 2009 06:13:30 +0100 http://www.buytrustdeeds.com/content/view/37/ The 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. News - Latest Mon, 13 Apr 2009 03:14:35 +0100 http://www.buytrustdeeds.com/content/view/22/ White 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. News - Latest Tue, 24 Feb 2009 11:52:42 +0100 http://www.buytrustdeeds.com/content/view/21/ A 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. News - Latest Sun, 22 Feb 2009 05:44:40 +0100 http://www.buytrustdeeds.com/content/view/20/ Two 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. News - Latest Thu, 06 Nov 2008 05:45:46 +0100 http://www.buytrustdeeds.com/content/view/18/ The 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. News - Latest Wed, 20 Aug 2008 12:28:47 +0100 http://www.buytrustdeeds.com/content/view/17/ It isn’t just large invests out there on Wall Street that are able to make money. Many of them do invest in mutual funds, stocks, and various types of bonds. However, the risks involved with such investments continue to grow due to the economy and the downward spiral of its effects right now. To help reduce the risks involved in their funds more people are taking an interest in trust deeds.They offer a way to invest money that has a lower risk. It provides you with a promissory note to back up that investment. The returns are very high too – from 10% to 13% which we will all agree is very good. African Americans can gain a great deal by learning about trust deeds. One of the leading companies out there is AMFI, short for American Mutual Financial, Inc. AMFI is owned by black Americans and it is a thriving real estate and mortgage brokerage company. They have both loan officers and real estate agents that are licensed. They offer a variety of different programs including those for people with poor credit, financing programs that are more lenient than traditional lenders, and educational programs for those wishing to buy real estate.AMFI also lists real estate that is being foreclosed on so that buyers can look at them. They will then try to secure financing for people to buy property that is in such a process at that time. When it comes to trust deeds, the last thing that an investor wants to find out is that the property is in a foreclosure status. This is one of risks to be fully aware of when it comes to making such an investment. News - Latest Wed, 09 Apr 2008 17:00:00 +0100 http://www.buytrustdeeds.com/content/view/16/ When some financing markets get a little difficult for a potential buyer to qualify for a real estate loan, some lenders get creative in their approach to lending and qualifying a buyer.They want to make money on the investments they have available to them and they need to get the money available to them lent as soon as they can.As an example, perhaps a lender has a commitment of say $10,000,000.00 with a proposed rate of return to investors of 7% per annum. And further suppose that the current fixed mortgage rate by the typical lender (competition) is at 6-¾%. One way the lender could market this higher interest rate is to exaggerate the underwriting guidelines to increase borrower´s debt ratio´s, or, extend the term of the loan to 45 years which would decrease the principal interest payments thus reducing the borrower´s debt ratio´s to ease his qualifying.In the above scenario, the lender could also offer a 100% loan-to-value program and do one of several ways to entice a borrower:1. An 80% / 20% loan. Whereby the lender offers an 80% loan-to-value 1st trust deed at 6% interest amortized over 30 years and a 20% 2nd trust deed at 9% interest amortized over 15 years.2. A 75% / 25% loan. Whereby the lender offers a 75% loan-to-value 1st trust deed at 6% interest amortized over 30 years and a 25% 2nd trust deed at 9% interest amortized over 15 years. (This could be a NO INCOME QUALIFYING LOAN ) fully assumable to a qualified buyer.3. A 70% / 15% / 15% loan. Whereby the lender offers an 70% loan-to-value 1st trust deed at 6% interest amortized over 30 years, a 15% 2nd trust deed at 9% interest amortized over 30 years, and the seller to carry back a 15% equity position loan at whatever agreed term structured between buyer and seller. (This could be a NO INCOME QUALIFYING LOAN ) fully assumable to a qualified buyer.4. Or just about any other combination of structuring that the lender could arrange in order to be competitive at the time in order to lend the available funds to homeowners.It would be nice to think that all one has to do is just apply for a loan and that they would automatically be approved, no matter what their job stability is, their credit history, income is and if they have the ability to repay a loan. Well, this is real life, and things do not happen that way in the mortgage banking industry. News - Latest Mon, 14 Apr 2008 06:51:21 +0100 http://www.buytrustdeeds.com/content/view/15/ The information that follows will assist you in considering the seven essential elements of a loan transaction which you should understand before funding a loan or purchasing a promissory note.Just read on!Knowledge, experience, and integrity of the mortgage loan broker (MLB) through whom the transaction may be made or arrangedMarket value and equity in the Property and the security for your loanBorrower's financial standing and creditworthinessEscrow process involving the funding of the loan or the purchase of the noteDocuments and instruments describing, evidencing, and securing the loanLoan servicing provisions, authority and compensationRecovering your investment when the borrower fails to pay 1. Knowledge, experience, and integrity of the MLB through whom the transaction may be made or arranged Before placing your trust and money with an MLB, you would be wise to call: (1) the Department of Real Estate (DRE) to determine if the MLB and his or her loan representatives are properly licensed, how long each has been licensed, and whether any of the licenses have been disciplined; and (2) the local Better Business Bureau to ask if any complaints have been lodged. Ask the MLB to provide a professional profile for your review and information as to the approximate number and percentage of loans, if any, negotiated by the MLB which resulted in foreclosure (commenced and/or concluded) during the past few years. Ask the MLB if he or she is the borrower or if he or she has any relationship to the borrower (e.g., if the MLB is a relative, a shareholder, an officer, a director, or a partner of the borrower). When the MLB is the borrower or related to the borrower, we refer to the transaction as self-dealing. News - Latest Fri, 11 Apr 2008 16:05:21 +0100 http://www.buytrustdeeds.com/content/view/14/ There is a great deal of interest in trust deeds these days due to the amount of money that can be made from them. Most experts agree that there is more money to benefit from than with the stock market. There is a risk though but it is less than what is taken on in regards to many other types of investments. Taking a realistic look at the entire process and what is involved can help you to decide if it is something for you to consider investing in.One of the most appealing aspects of trust deeds is the fact that they can offer such a high rate of return compared to their risk analysis. If you aren’t familiar with them, trust deeds are similar in nature to a regular mortgage. There are some differences though that you need to be aware of. The main one is that with a regular mortgage you have two parties involved – the borrower and the lending entity. With a trust deed though you have three parties with the addition of a trustee.It is very important to understand what a trustee entails as well as the responsibilities involved. This third party is going to hold the title to the property that is involved on for the lender until the amount of money that is due on the real estate has been all paid for. This is a legal process that is recognized in a court of law and will be upheld. In the event that a borrower doesn’t pay the loan as they agreed then the lender will step in and foreclose on the property. There are a couple of different ways in which an investor can get themselves involved with trust deeds. The process will either involve making a loan for real estate directly, or by purchasing a promissory note that already exists from someone else. Investors can cover the entire balance on the real estate or they can share that investment with many other people. News - Latest Fri, 11 Apr 2008 15:41:48 +0100 http://www.buytrustdeeds.com/content/view/13/ Many people like the idea of making money from what they invest. It can be tricky though and the rate of return can be minimal. That is why many people are interested in trust deeds. The risk is low but the return can be several times what you invest in it. However, there are some essential things you need to understand before you jump into such investments. Learning the basics will help ensure you have the best chance of making money.Promissory NoteYou need to have a solid understanding of what a promissory note is. This is a promise that is in writing with all parties involved. Basically it covers the agreement terms for repaying the money that was loaned. It discusses the:loan amount or principalinterest ratefrequency of repayment or debt serviceloan due dateany penalties for late paymentsWhen a borrower gets the funds for property they wish to own, they have to sign such a promissory note. They need to take the time to read over every single part of it. Anything that isn’t understood needs to be explained before it is signed. After it is signed, the borrower has agreed to all of the outlined terms.A promissory note will also include information about what will happen of all of those terms of the agreement aren’t met. For example there may be late charges when a payment is 10 days late. In many instances there are also penalties that apply when a borrower prepays in advance. In the promissory note, the lender (note holder) and the borrower are also identified - in black and white. News - Latest Sat, 17 Nov 2007 11:23:11 +0100 http://www.buytrustdeeds.com/content/view/12/ Deed of trust A document that gives a lender the right to sell your property if you can’t repay your loan. A deed of trust is similar to a mortgage contract except that a deed of trust involves a third party called a trustee, usually a title insurance company, who acts on behalf of the lender. When you sign a deed of trust, you are in effect giving the trustee title (ownership) of the property, but holding on to the right to use and live in it. The lender or trustee holds the original deed of trust until you repay the loan on your home. Unlike a mortgage, a deed of trust also gives the lender the right to foreclose on your property without taking you to court first. News - Latest Sat, 17 Nov 2007 11:16:33 +0100