Search results for "trust funds" | firsttuesday Journal

Form 575.5 – 3-Day Notice to Perform or Quit (Without Late Charges)

Posted by ft Editorial Staff | Feb 2, 2005 | Property Management, Real Estate |

This article takes a look at the 3-day notice to pay rent or quit – without late charge provisions. A copy of the form is provided here so that you can follow along with the instructions. Concern over late charge provisions From...

Grant deed as a mortgage

Posted by ft Editorial Staff | Nov 11, 2004 | Real Estate |

This article explains the legal deficiencies of using a grant deed to hold title to property given to secure the repayment of money. Risks of alternative security devices A parcel of real estate is encumbered by a trust deed...

Assignment of rents clause

Posted by ft Editorial Staff | Aug 8, 2004 | Property Management, Real Estate |

This article discusses the uniform rules for enforcement of assignment of rent clauses. The lender’s rent collection scheme An assignment of rents clause is commonly placed in all trust deeds. The clause includes rents as...

Working the AITD

Posted by ft Editorial Staff | Jul 7, 2004 | Real Estate |

This article discusses the advantages of a carryback all-inclusive note and trust deed (AITD), the forms to be used and the terms to be negotiated. Flexible carryback financing As a debt instrument and security device for the...

Property related disclosures

Posted by ft Editorial Staff | Jul 7, 2004 | Real Estate |

This article reviews a broker’s use of unverified information when marketing real estate. Sold “as-is” is a prohibited disclaimer – sell property “as-disclosed” A broker and his sales agents must...