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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Secure Approach to Mortgage Backed Trust Deeds: Educating African Americans |
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Written by Trust Deeds
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Wednesday, 09 April 2008 |
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 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.
That is why you definitely want to take the time to find out about risk management and what it means for you. You should have a good idea of what is in your investor portfolio as well. By spreading it out, you will significantly reduce your risk of overall financial loss instead of gains with your various investments.
More African Americans though do need to get involved with such investments. One of the most common questions though is how they will get those funds. There are quite a few ways to be able to do so. For example IRA’s can be used to invest in trust deeds. You do need to do this through an entity that is FDIC insured though.
One of the most common entities for this is PENSO. It allows you to have up to $250,00 per client FDIC insured. This will allow African Americans the ability to invest their IRA funds into various trust deeds that can be obtained in association with qualified mortgage funds. KEADA Capital Investment Fund is one of them that are widely known and respected.
Keep in mind that the returns from trust deeds can range from 8% to 11%. If you invest $25,000 and get a return of 10% then you will be able to double your money every 7.2 years. That is a great return on your investment, and it is better than what those gurus are getting out there on Wall Street. The fact that trust deeds have a lower risk associated with them is also encouraging.
Catch the full article on KEADA Capital.
The African American community can educate themselves on investing in trust deeds to their benefit. With the right information about trust deeds and its pros and cons, it will be possible for them to decide how they will invest their money and even where they will get that money from.
While deed trusts do have risk associated with them, all types of investing do. Learning about who the buyers are and their ability to repay the loan is essential to doing this right. That way the risk factors are lowered and there is more opportunity for a return on that investment. It won’t take long to see real financial gains that can be used to invest further in trust deeds, for savings, or for other types of investing.
Since there are institutions out there that are geared towards offering the right information and opportunities to African Americans, there is plenty of great information out there. Such individuals don’t have to feel like they are trying to decipher the information on their own. They also don’t have to continue looking at forms of investing that aren’t paying off and that are deemed as too risky. |
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