Updated about 3 years ago on . Most recent reply
Hard money lender what type of deed needed
Hello
Need some help am getting a hard money loan for a Reno on a duplex for 60k. I have signed the promissory note, but i am not sure about what kinda of deed i need for the loan. Is it a deed of trust or something else? I am using my SFH as the collateral for the loan. This is my first time using hard money loan i don't want to make a mistake. Please help
Most Popular Reply
Your escrow agent should have all of this information for you and the proper forms/documents to sign. If you are trying to avoid escrow fees, you are making a major mistake (i.e. like a signing a note before getting the money).