answersLogoWhite

0

What is a second trust deed taken back by owner mean?

Updated: 8/19/2019
User Avatar

Wiki User

12y ago

Best Answer

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

That means the owner-seller has agreed to take a second mortgage that will be a junior lien to the primary purchase money mortgage.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a second trust deed taken back by owner mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a towing auction?

if the towed vehicle is not taken back by the owner then the vehicle is actioned.


What if you get a car from a second owner and they have not put the title in there name?

You need to go back to the owner whose name is listed as owner on the pink slip. The car registration is still in that person's name.


In Colorado you have perched a used car and have not taken possession of the car due to repairs you have second thought and wish to back out of this deal?

In Colorado you have perched a used car and have not taken possession of the car due to repairs you have second thought and wish to back out of this deal


Will i get my car back 1 943.38 1 a Forgery Writings or Objects car in impound as evidence will you get back from police?

no you will not get it back, if you are the owner and it was used in the crime. however, if there is a second owner and they new nothing about the crime, and it is a parent you may be able to get it back, after the court case is done, but it will be returned to them, and not you.


What has the author Bill Broadbent written?

Bill Broadbent has written: 'Owner will carry: How to take back a note or mortgage without being taken'


Why did Japan give back Manchuria to China?

it didnt give it back, it was taken from them by the soviet and communist chinese armies at the end of the second world war


Once a husband earns his trust back from wife after he cheated on her would he go back to cheating?

That could happen. If it did, he'd probably be much harder to catch at it a second time.


when your spouce has a friend that has taken things to far. how do you get the trust back without making them choice between the friend and spouce?

If the spouse was willing with the friends adances then they should not be alone together if the spouse told them no that should have earned trust already.


Will you boyfriend take you back after you lost his trust?

If you can regain your boyfriends trust he may take you back.


How do you determine the owner in a deed of trust?

United StatesTransactions affecting the title to land must be recorded in the land records. The status of a property can be determined by searching through those records by the owner's name or the address.In some jurisdictions a deed of trust is the term used for a mortgage. The grantor in a deed of trust mortgage would be the owner of the property as long as the provisions and obligations under the mortgage are fulfilled. The grantee in the deed of trust holds title on behalf of the lender until the note is paid. Once the note is paid they must transfer title back to the owner. In the case of a default, no court process is required to foreclose and take possession of the property.There is another category of trust deeds. Generally, a trust deed (sometimes referred to as a deed of trust) refers to a deed by which real property is conveyed to the trustee of a trust. A trustee holds legal title to trust property on behalf of a trust. You may need to do further research regarding the trust. However, trust documents are not always available for public review so it is not always possible to determine who benefits from the trust.In some jurisdictions the trust document is recorded in the land records. That document may reveal the beneficiaries of the trust. If state laws do not require that the trust document be recorded in the land records then the details of the trust will remain private.


Is the due on transfer clause in the deed of trust used by lenders to prevent sellers from conveying the property without notifying the lender?

Yes. The owner has no right to sell the property without notifying th bank. The present owner applied for the mortgage and was approved after a lengthy process. If that owner sells the property the lender wants its money back.


How to get guns back from police when owner is dead?

If the owner of the guns is dead, you can not get them from the police not being the owner.