Posted by Terry (Houston) on June 29, 2001 at 08:39:45:
If person A is holding a second it should be recorded for your protection. In that note, especially if it a owner carry back, you should have the right to cure the default.
If you have a beneficial interest in the trust you own the % you chose to that property. Yes you can make payments or whatever by giving direction to the Trustee. WHoever that may be. Whoever has beneficial interest may direct the Trustee.
How is A protected from B walking? Your not. People change their mind all the time.