Deed's of Trust & Promissory Notes
Hello everyone,
In the past 3 months, I started doing small loans with a couple of people and I wante to put a lean on their home when they went to sell it. I got my Deed of Trust and Promissory Note but I've realized they are just way too long and complicated for some people. I have found a way to write a simple promissory note, but does anyone have or does any know if we can make a Deed of Trust 1 - 2 pages . I'll pay someone to make us one that's legal for the state of Maryland that clearly indicaties trustor, benificiary etc . The terms, loan amount, interest paid etc. I just can't seem to find one less than 16 pages.
I've been told I could write the terms on a napkin and record it at the court house and it would still be legal. I'm not sure about that haha but I'm just trying to make sure I'm professional and simple. There is no reason to confuse people and with documents where half of the verbiage is unrelated to what I would be doing, why even have it in there ya know?
What are you suggestions?
Most Popular Reply
Get an attorney to do it so its done right!