A "deed of trust" is a security instrument. 

Wherever thetext of this document so requires, the singular includes the plural.Dated: ______________________________________________________ _________________________________________A notary public or other officer completing this certificateverifies only the identity of the individual who signed thedocument to which this certificate is attached, and not thetruthfulness, accuracy, or validity of that document.STATE OF )SSCOUNTY OF )On before me, , Notary Public, personally appearedwho proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the withininstrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that byhis/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed theinstrument.I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.WITNESS my hand and official seal.SignatureThis area for official notarial seal.A notary public or other officer completing this certificateverifies only the identity of the individual who signed thedocument to which this certificate is attached, and not thetruthfulness, accuracy, or validity of that document.STATE OF )SSCOUNTY OF )On before me, , Notary Public, personally appearedwho proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the withininstrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that byhis/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed theinstrument.I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.WITNESS my hand and official seal.SignatureThis area for official notarial

It would be odd to have no closing costs on a HELOC as it is a security interest like any other mortgage or deed of trust... so the instrument will need to be recorded, title insurance may be required, there may be closing fees and transfer or recordation taxes due, etc., depending on where the property is located.For those who think they paid no closing costs either the bank covered those or they in fact paid them because they were included in the first draw.

That past has been instrumental to my success in real estate. 

I was fortunate enough to get a job in manufacturing at Texas Instruments and TI helped pay for my college.

The owner financing acts just like any other lending instrument. 

Code Section 40-10-74 says: If the mortgage or other instrument creating a lien under which a party seeks to redeem is duly recorded at the time of said tax sale, the said party shall, in addition to the time in this title specified, have the right to redeem said real estate sold, or any portion thereof covered by his mortgage or lien, at any time within one year from the date of written notice from the purchaser of his purchase of said lands at tax sale, served upon such party, and notice served upon either the original mortgagees or lienholders or their transferee of record, or their heirs, personal representatives or assigns shall be sufficient notice.

Your issue is that you can't get a heloc.But I gotta tell you - to decrease legal density just to get a finance instrument seems incredibly short sighted. 

Small details make a small difference in the effectiveness of a marketing campaign.You don't tune an instrument that you are not playing.

I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.