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Updated over 7 years ago,
Seller financing w/ Deed of Trust
Hi Everyone,
I am selling a property via promissory note secured by deed of trust. At the present time I would like to sell directly w/o a title company. The seller is to wire 50% of purchase price ($40k) to my bank and sign the paperwork to finance the rest. My question is this:
Can/Should I list myself as the Trustee as well as the beneficiary (lender) on the Deed of Trust?
Thank you!
TJ