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Real Estate
The Real Estate Adviser |
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May 24, 2001
Deed of trust or real estate contract?
By TOM KELLY
The Real Estate Advisor
The Real Estate Advisor
If you are a retired couple, or a professional between jobs and need steady monthly income by your home and "carrying the contract," be certain you know exactly how the deal will be financed and are familiar with the documents involved.
In many states, most transactions are now closed via a Note and Deed of Trust; other states use Real Estate Contracts. Few sellers, and even some agents, truly understand the difference between a real estate contract and
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