Annotate Legal California Deed Of Trust Forms For Free

An ?All-Inclusive Loan? is one the seller makes to the buyer using an All-Inclusive Deed of Trust (?AITD?) and promissory note that are held by the seller for a portion of the purchase price and the unpaid balance of an existing loan, often with a bank.

You can find a notary at your bank, a mailing service, or in the Yellow Pages. Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. In Sacramento, this is at 600 8th Street downtown.

An All Inclusive Trust Deed (AITD) is a new deed of trust that includes the balance due on the existing note plus new funds advanced; also known as a wrap-around mortgage. A wrap-around mortgage, more-commonly known as a ?wrap?, is a form of secondary financing for the purchase of real property.

When is a Deed of Trust Invalid? There are two main reasons a deed of trust may be considered invalid: (1) lack of required formalities in executing the deed of trust, or (2) there is some fact outside execution that makes the deed of trust invalid.

With an AITD, the buyer makes monthly payments to the seller as negotiated in the all-inclusive note. Likewise, the seller continues to make monthly payments to the mortgage holder on the underlying mortgage. The seller, buyer and underlying mortgage holder all mutually benefit from the carryback arrangement.

With a deed of trust, the lender gives the borrower the funds to make the home purchase. In exchange, the borrower provides the lender with a promissory note. The promissory note outlines the terms of the loan and the borrower's promise (hence the name) to pay.