Note and deed of trust

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My wife and I helped a friend buy a place up by Florissant. We wound up purchasing in our name but did a Lease option to buy with the lease being basically a 10 year loan. She now wants to be able to sell at a profit, which we are totally good with. We would now like to put the property in her name with a note for the balance owing so she can put it up for sale. Can we do a simple recording of Note and Deed of Trust at the county without having to go through all the Title company stuff? Can you do that for us? (Also there is a single wide Mobile home to transfer) I am a licensed real estate broker in Washington. Thank you for any help!

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Posted by Anonymous
Asked on April 5, 2020 6:11 pm
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Likely a Promissory Note and Deed of Trust is what you'll need. We can help you with that on a low flat fee basis. There are a few things that should be discussed before you draft and sign legal documents like title insurance, what happens if you don't get a quick sale, homeowners insurance, etc. Just call us at 719-284-6262 or schedule a free case assessment at www.robinsonandhenry.com/locations.

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Posted by donald@robinsonandhenry.com (Questions: 0, Answers: 166)
Answered on April 9, 2020 3:51 pm
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A note and deed of trust will preserve your lien against the property and ensure that the loan will be repaid upon the closing of the sale. Mobile homes, generally. are treated as personal property, with title transferring like a vehicle, through the department of motor vehicles. There are instances where manufactured home or mobile homes become permanently affixed to the real property, but that is rare.

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Posted by steve@robinsonandhenry.com (Questions: 0, Answers: 8)
Answered on April 6, 2020 7:49 am