Deed of Trust

Archive for September, 2009

Question: May a homeowner add others to the deed on his house, then have the others refinance his second trust?

Situation: homeowner's first trust is OK, but second trust's payment is rising with interest rate--can he have others 'buy into' his house by having them refinance the second trust, then have all of the owners share in the tax claims (and resale by percentages agreed upon) until the house is sold (some time in the future)?

Answer: The simple answer is "Yes". Any one who is on a deed can partake of the available tax deductions if eligible.

Many modern Family Trusts fail streaming

Question: What if the lender cannot produce the Deed of Trust?

Answer: Then they order a Certified Copy from the County Recorder's Office.

JKCH-1 Part 2 of 7