You want to to lend someone some money and have it secured on the person’s property? Lending the money is easy, getting the right documents to secure your loan is more difficult.
What to negotiate, what forms to use, what clauses to type on it, all this is important to make sure you have a valid and enforceable document.
As mentioned in my Part 1 – the Promissory Note – there are two documents that are required. We talked about the important Promissory Note in a previous video. Now we are going to talk about the other document, the Deed of Trust.