Amy Platero | firsttuesday Journal

Form-of-the-Week: Further Encumbrance Consent, and Note Enforcement Provisions — Forms 410 and 418-5

Posted by Amy Platero | Dec 21, 2023 | Finance, Forms, Loan Products, Real Estate |

These forms are used by a prospective junior lender or carryback seller when the real estate is encumbered by an existing first mortgage containing a due-on clause, to obtain consent from the lender holding the mortgage to further encumber the property with a second mortgage, and by a loan broker or escrow officer when originating a mortgage with the lender or carryback seller, to include a guarantee, exculpatory or governing law provision in the promissory note.

Note Enforcement Provisions — RPI Form 418-5

Posted by Amy Platero | Dec 21, 2023 | Forms |

This form is used by a loan broker or escrow officer when originating a mortgage with a lender or carryback seller, to include a guarantee, exculpatory or governing law provision in the promissory note.

CalPaces for Recruiting: Soliciting prospective hires

Posted by Amy Platero | Dec 18, 2023 | Fundamentals, Real Estate, Your Practice |

This is the second article in our series covering broker recruitment strategies. This article details the main types of hires available to a broker, provides techniques to solicit prospective talent and advises on how to alter the solicitation approach depending upon the type of hire. The first article covers the creation and maintenance of a broker’s recruiting plan and goals.

Deed of Trust and Assignment of Rents — Securing a Promissory Note — RPI Form 450

Posted by Amy Platero | Dec 14, 2023 | Forms |

This form is used by a transaction agent, loan broker or escrow officer when in a sale or loan transaction a mortgage is created evidenced by a note, to secure the performance of the note by a lien on described real estate which restricts aspects of its ownership.

Form-of-the-Week: Deed of Trust & Assignment of Rents, and All-Inclusive Trust Deed Addendums — Forms 450, 442 and 443

Posted by Amy Platero | Dec 14, 2023 | Finance, Forms, Loan Products, Mortgages, Real Estate |

An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.

Author: Amy Platero

Form-of-the-Week: Further Encumbrance Consent, and Note Enforcement Provisions — Forms 410 and 418-5

Note Enforcement Provisions — RPI Form 418-5

CalPaces for Recruiting: Soliciting prospective hires

Deed of Trust and Assignment of Rents — Securing a Promissory Note — RPI Form 450

Form-of-the-Week: Deed of Trust & Assignment of Rents, and All-Inclusive Trust Deed Addendums — Forms 450, 442 and 443

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