The Deed of Trust is the security instrument that defined the trustee and via the D-T power of sale clause, the beneficiary (the lender) is ability to recover in case of borrower default.

Endorse (sign) the instrument, simply by saying ENDORSEMENT______________ on the back or after the text of the instrument conveyed.It can be more elaborate, you also need some supporting document describing the transaction and usually a notice of assignment for filing purposes as may be (if) required.Your state may have specific requirements, this ain't legal advice, just how I do it.The very best way to get started, instead of buying a guru book or programs for example, is to go to a local RE attorney and pay them to do one.

Actually, an Allonge is an attachment to an original note when there is not sufficient space on the original instrument to specify terms or more often for the signatures of any makers or guarantorsors.

It will probably give you some insight into how the process works in Canada.The bottom line is that you will need to know about all the encumbrances on the property, money will change hands in an escrow account, and there will be an instrument for transfering ownership of the property.

The underlying instrument in a Contract for Deed (rent to own) is a loan, and as far as I can tell it is automatically covered under the SAFE act.

Don't be nervous about going to an REI meeting..We all have to start somewhere..You'll probably meet very positive experienced people who will be helpful and maybe even instrumental in your decision making..Nothing to be nervous about...and don't spend any money yet!!

If my friends had not told me the untruths about short sales I would have never dug as deep and learned about notes and security instruments etc.

If "broker" is a regulated title in Maryland, and you're not licensed, there is some state agency that will have you in their sights.Notes, being financial instruments are even more heavily regulated than real estate.

And it certainly doesn't border on illegal or unethical in any way.In fact, contract assignment is a very common legal instrument both in real estate and outside of real estate.To think that a government agency could stop assignment from happening just seems crazy to me...So, is this illegal in PA?

When that is the case, this title company is tight with the lender's side of things, and it will probably get their attention (and through them, the lender's) if the "all cash" transaction requires recording of an instrument for financing too.