Funds are paid, representations and agreements are signed and the note is assigned with an endorsement and filed.Usually a buyer will ask for a package of documents, I'd want to see;Copy of the note and deed of trust, Commercial deal, a copy of the settlement for the transactionA list of inventory collateralized and copies of the UCC filingsA copy of the first lien as filed with terms and payment requiredPayment history of the note, with verification of receipt/depositsCopies of any loan modifications or extensionsAppraisal on the property at sale on RE and equipment if anyA letter simply desiring the intent to sell with a description of the note with the book and page county as filed.

Welcome to BP Nation Benjamin, great to have another So. cal investor on board.Great advice given above so far.

Its a very slow task when you were not born with a trust fund.

Land trust?

Trust me we know up here in Mass. it was a nightmare!

Working directly with large national banks however can be done but it is not an easy route.

However, it may not make much difference as you may be reuired to be on title by the virtue of marriage and they may not take a property where only one on title is one the note or deed of trust.

Is it a case of trusting the insurance company to pay out on a claim if your tenant has gone back to school later in life?

I am on the tail end of it where maybe another day and I will be totally clear.You know I am only doing this residential thing for my brother - in -law as he trusts me and wants me to handle it.

Any advice or referral would be greatly appreciated for Trusts or Asset Protection.