Posted by kito169 on October 11, 2012 at 05:08:24 from (68.89.245.11):
Good morning everyone. I am fixing to sell a home and property and carry the note myself. In the past I have had a real estate attorney draw all the papers up. He always makes a Warranty Deed and a Deed of Trust w/seller finance, both. The Deed of Trust shows him as the Trustee. From what I can find out the trustee handles the situation if the buyer defaults on the loan. I"m trying to save some money so I wondering if the trustee part is neccessary. Can I just make a mortgage note with a property description and time period and consequences if buyer defaults. I would like to here of anyone"s experiences with a similar situation. Thanks Rick
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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