Deed of Trust

Question: Office building has 1st, & 2nd Trust Deed on it, and the person gives me a 3rd T.D......recording info "?"?

If a relative gives me a third TD, is there any way to find out if it got recorded without going to the courthouse? I guess I could always call a title company right? Wouldnt Customer Service be able to tell me if there is a 3rd on the property?

I know that normally I would record the doc...however, they said that they would, in their own best interest. It is to protect a bankruptcy, and they're marking it in at $500K, and this 3rd really 'doesnt count', its just to protect the property from being taken pertaining to other assets. Of course the first and second are still there and come first...its just to top it off...thanks

Answer: There are several things here that don't add up.

As others have said, normally the original Trust Deed would be mailed to you after recording and it would have the recording information marked on it.

It's never in the land owner's "best interest" to add another Trust Deed onto the property, unless there is some fraud going on and they don't owe you 500K, in which case you are being used big time in a way that could land you in jail.

The land owner isn't protected by the third Trust Deed in the event of bankruptcy. It's just another lien. Besides that, if the first or second foreclose, you will be foreclosed out and have nothing. I hope that at least you don't have any money in this deal, because it sounds bad to me.

But you have step one correct. Call the title company and ask customer service. If it is recorded they can send you a copy with the recording information on it. There may be a small fee.

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