deed
What Is The Real Difference Between A Deed Of Trust And A Mortgage
A mortgage is not interchangeable with a home loan. Under certain conditions, for a certain amount of money borrowers will sign a promissory note to the lender. The lender requires the borrower to sign a mortgage, to legally secure the lender. Mortgages are documents written to protect the lender’s interest in your property; hence [...]
Pros and Cons of the Deed in Lieu of Foreclosure
There are good and bad things that come with the deed in lieu of foreclosure. If you are unable to make the monthly mortgage payments on your home anymore you might consider this as your option. There are pros and cons to this which might help you make your decision.
Pros / Positives
The biggest positive of [...]