Fannie Mae has standard note and security instrument docsBut my recommendation is always to use an attorneyBut it matters if it’s for your rock collection or for real estate.

@Ruth S.If you are the borrower typically your private money lender drafts the agreementsThe docs we use are standard except for the security instrument as that changes by state as some states are deed of trust and others are mortgages

It has been so instrumental in our investing journey, and in my growth as a real estate agent.

But unlike contributions to a revocable trust where the property often retains its separate/community nature (Via the trust instrument) you’re playing with fire if you’re expecting contributed real estate to fully retain separated property character.

Different counties in Georgia call it different things, but the outcome, as you have said, is the same due to the restrictions inherent in the instrument.

Instead of buyer getting s loan from a bank or elsewhere, the seller carries a note (loan) with same security instrument on the property to secure the loan - Trust deed and promissory note.

In reality, the only thing we need this to do is act as an instrument that if I were to die and she were to die it goes to her daughter.

Howdy @David Saba, your profile says you studied at Berklee; what instrument?

Endorsement and/or satisfaction of this instrument acknowledges payment in full for contract dated xx/xx/xx by and between the issuer and the payee.  

Fire can render a foundation unsuitable, so even a tear down and rebuild (on the existing foundation) may not be possible/practical.And as @Manolo D. referenced, smell abatement is very real and not to be taken lightly.