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Tim Jones
  • Flipper/Rehabber
  • Merced, CA
115
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221
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Seller financing w/ Deed of Trust

Tim Jones
  • Flipper/Rehabber
  • Merced, CA
Posted

Hi Everyone,

I am selling a property via promissory note secured by deed of trust. At the present time I would like to sell directly w/o a title company. The seller is to wire 50% of purchase price ($40k) to my bank and sign the paperwork to finance the rest. My question is this:

 Can/Should I list myself as the Trustee as well as the beneficiary (lender) on the Deed of Trust?

Thank you!

TJ

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