All Forum Posts by: Chris White

ok, think i've got it, so as the story i'm doing involves a famous person, and like many they get a mortgage via a trust (usually ran by their business manager), then it means if that trust defaults, they can collect the rent from the tenant i.e. the famous person?

i'm very grateful for your help

also would property records like property shark show that a deed of trust has been paid back?

thanks very much for the response chris, so for clarification if there is a "deed of trust and assignment of rents" it has to be because the owner is definitely renting the place, not that it has the potential to be rented in the future?

Hi, 

I'm not from the US and trying to get to grips with deeds of trusts for a story that I'm writing.

I'm investigating two properties which have a long history when I look on property shark.

My first question is can a property only have one deed of trust at any one time, as one of the properties I've looked at has had three deeds of trusts in the last seven years. Does this mean that the owner has paid off the first two loans and is now on a third? 

If a property has a new "deed of trust and assignment of rents", does this mean that the owner is definitely renting the property out - or does it give the owner the option to rent it out if they want to? 

Many thanks for any help