Trust Deed Transfer - Posted by Dan

import · November 10, 2006, 5:28pm

Posted by Bill H on November 10, 2006 at 22:48:32:

Yep, and he should say THANK YOU for the paper…that is all he would have.

The trust deed is merely a security document outlining the terms and conditions under which the NOTE for the debt can be collected on, serviced, foreclosed on, etc.

If you wish to give him something for the debt you owe him … then transfer or assign the NOTE for the debt over to him…that way he has something he can collect on.

Good Luck,
Bill H

import · November 10, 2006, 5:28pm

Trust Deed Transfer - Posted by Dan

Posted by Dan on November 10, 2006 at 18:28:57:

If I were to sell a property and carry a $50,000 2nd, at the close of escrow can I immediately transfer this trust deed to a friend to whom I owe money to? Thanks for looking into this!