Seller Carry Back Trust Deeds is another name for Owner Financed Mortgages
Seller carry back trust deeds are a powerful negotiation tool used by real estate sellers to expedite the sale of property. Often referred to as seller carry back financing, deeds of trust allow sellers to offer private financing options to potential buyers.
Seller carry back trust deeds are used to transfer the title of property to a trustee. Typically, a deed of trust involves three parties including the trustor, beneficiary, and a trustee who holds temporary title to the property until the lien is satisfied.
When using a seller carry back trust deed, the person who provides property and creates the trust is known as the trustor or seller. The beneficiary or note holder is the person or entity who receives income from the note. This can be an individual or bank. The trustee is the person or organization who holds legal title to the trust property. In some cases, the trustor is also the trustee.
In a deed of trust, the beneficiary oversees the trust to ensure the borrower satisfies their debt obligation. Should the borrower default on the promissory note the beneficiary can place the property into foreclosure. Typically, the foreclosure sale will satisfy the debt.
A seller carry back trust deed is recorded in public records to show there is a lien on the property. It is used in place of a mortgage and allows the property owner to hold the land as collateral against a private loan. When the loan is paid in full the landowner transfers the title to the borrower.
Few people are aware of the fact they can sell carry back trust deeds. However, savvy note buyers such as Simon Volkov know the value of carry-back notes and assist sellers in maximizing their investments.
If you are the owner of a seller carry back trust deed and looking for cash to pay off existing debt or make other investments, we would like to talk with you. We can help you determine if selling your trust deed is the right choice. If so, we will provide you with a lump sum cash payment.
There is no fee to speak with one of our highly-trained specialists. Our only requirement is for you to provide information using our secure Real Estate Notes form. Upon receipt of your information, one of our specialists will contact you within 48 hours. Your information is held in the strictest confidence and will never be shared with anyone.