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Updated over 7 years ago on . Most recent reply

User Stats

643
Posts
280
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Michael Wentzel
  • Investor
  • Colorado Springs, CO
280
Votes |
643
Posts

Deed of Trust for Ohio?

Michael Wentzel
  • Investor
  • Colorado Springs, CO
Posted

Hello BP,

We have 19 properties in Colorado, many of which we purchased with private lenders putting up the cash. As we learned a bit, we started to use a promissory note with a deed of trust (recorded with the county) to put the lenders in a safe position.

Now we are buying our first property in Ohio with a private lender putting up the cash. Can I use the same promissory note and deed of trust as Colorado? If not, does some one have a template for a these two documents that have been used in Ohio? Or is there a RE lawyer in Ohio you could recommend to review and revise my promissory note and deed of trust?

Thanks for the help.

Mike

Most Popular Reply

User Stats

155
Posts
55
Votes
Paul Vincent
  • Bay Village, OH
55
Votes |
155
Posts
Paul Vincent
  • Bay Village, OH
Replied

@Michael Wentzel

I agree with @Timothy Murphy III -- you must use something different than what you're using.  Contact an Ohio RE lawyer (I can actually think of a view on this list) and knock it out properly.  Our courts can make foreclosures/evictions difficult if your paperwork is a nightmare.  

Go get'em.  

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