Do they use "trust deed", as opposed to a "mortgage" as the name of the instrument to secure the loan there?

Petersburg, VA, a city that has been economically devastated for years, since the Civil War, is now recognizing the Civil War Sesquicentennial, with its historic battlefields, mansions and properties that were part of Civil War history.If you really love history and this country, wouldn't you like to be instrumental in rebuilding a crumbling USA?

Most cities will have a register of deeds office where you can look up recording instruments like a mortgage.

So you know, the Note is the Obligation to pay, the Deed Of Trust is the security instrument that secures the note, putting the property up as collateral.  

And if you are going to hold rentals, be sure to find the landlord group in the area where you hold rentals as they are going to be instrumental in helping you in your business.

Then secure the note with a security instrument, such as deed of trust.

And, you should be able to identify and distinguish all sorts of instruments that are used - mortgages, assignment of mortgage, subordination agreement, mortage modification, lien release, etc.

If they do bankruptcy - these bonds will be flushed and the agencies will not have to repay the principal or any interest due on these instruments.

To mitigate a loss of the funds I've proposed a trust deed against the property as the instrument to secure the loan.

Bill Gulley might want to comment, Dodd Frank is about owner occupant seller financing, lease options if rent credits are used could be construed as a financing instrument, if subtracted from the option price.