Legal Question in Real Estate Law in California
do i give a grant deed and then use a deed of trust?
I have a duplex I am selling that I own outright (each side has its own deed) I am financing it my self 100% my question is.. do I write a contract with the terms and then give a grant deed to the buyer and then secure it with a deed of trust?
Asked on 4/10/09, 9:32 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: do i give a grant deed and then use a deed of trust?
I highly recommend using a licensed escrow service to prepare all documents and handle the closing and recording. There are big risks in not letting a third party hold the deed until the note and deed of trust are also delivered to the third party. Not to mention that the possibility of an error in documentation is greatly reduced.
Answered on 4/11/09, 12:44 am