Investors Lounge

 
Login   Username:   Password:
    Forgot password?    
New? Sign in here!    Mark "Private Investor " if you are one

The purpose of "Investors Lounge"  pages is to connect new and seasoned Real Estate Investors with  qualified Trust Deed Brokers and to provide information on  trust deed practices and high yield lending opportunities posted by borrowers and mortgage loan brokers (MLBs).

Trust deed California

Note secured by  California deed of trust

 
Go to Main Page

Trust deed

Mortgage note

Seller financing

Trust deeds

Mortgage notes

Note buyers

Note buyer*

A Trust Deed

Cash buyer*

Trust Deed California

Hard money

Note broker*

Mortgage note buyer*

Trust Deed Note

Deeds of trust

Sell mortgage note

Trust Deed Mortgage

Investing real-estate

Cash for notes

Commercial loans

 Mortgage note buyers

 Note investors

 Trust deed definition

 Trust deed investing

 

 TRUST DEED EXPLANATION (Actual content part 2)

(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]:


 

Adjustable Rate Rider Balloon Rider 1-4 Family Rider

X

Condominium Rider Planned Unit Development Rider Biweekly Payment Rider Second Home Rider Other(s) [specify]

X

PREPAYMENT RIDER

(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.

(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.

(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

(L) "Escrow Items" means those items that are described in Section 3.

(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.

(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.

(O) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument.

(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.

(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument.

 Continue..

If the loan is a non purchase money mortgage (deed of trust) and the Property's value is insufficient to recover all you are owed, a judicial foreclosure coupled with an action for a deficiency judgment may be the only way to re cover your investment; i.e., collect any difference between the amount received at the foreclosure sale and the amount of money the borrower owes you.

Remember, the Property identified in the deed of trust is what secures your investment.

 

 

 

 
  New Investor ? Sign in here!  
   
 

Borrowers click here to request a loan and find the winning lender!


About SSL Certificates

Copyright 1999-2010 LendingUniverse. All rights reserved. US Patent Pending.
Webmaster   Disclaimer   Cookies   Legal Agreement
Important Notice   Privacy Policy   Real Estate News   Advertise with Us