A trust deed simply explained

[@PrepAgent]

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[@berto81]

Thank you for being so much help!!!!

[@coachkay1263]

I passed my Georgia Real Estate Licensing Exam yesterday!!!! Thanks so Joe!!!! Praise God!!!!!🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾

[@eatchas]

How has being a realtor my wife is studying for the test now.

[@roosterinmarari]

Congratulations!!!!!!!

[@PioneerPerez1]

Let’s go!!!

[@yulnikita]

Praise God! Congratulations 🎉

[@jessmbaby]

I'm a notary signing agent just trying to learn more about real estate for my own understanding. This was so clear and helpful! Thank you!!

[@brendarios1421]

Same here I'm a Notary in the state of CA. I love his videos.

[@katieghoul0092]

I'm taking an online course to be licensed for Louisiana and my course was SO confusing with extra words. I'm glad I found your video. 🙏🙃 Thanks for posting! Made waaayyy more sense to me.

[@yun9393]

I passed my exam on Friday because of your video! 🎉 Thanks Joe!

[@thomascoatesjr5570]

trust deeds and different kinds of transfers of title are easily the most confusing part of real estate. thanks for the videos they really help

[@gyppyredd]

You are by the far the best teacher I have listened to

[@soulextract4139]

This helped a lottttt, I like your teaching style

[@mariarojas-jt6pw]

Thank you so much for your explanation of Trust Deeds, it helped me understand it.

[@elenabarskaya7127]

If trustOR is a purchaser/borrower then what is a trust RES? Legal title? His signature on a financial document called "promissory note"? Why is the bank beneficiary ?

[@kojirosasaki8129]

. I'm now a member of prep agent . You guys just had a great special.

[@jennyvuong1211]

I love you. Hahaha your teaching style is awesome. Simple, easy to understand and lots of laughters!

[@andysalient3267]

Crystal clear Joe, 👌🏽 much appreciated as always 😄

[@aprilwojcik5207]

I have learned so much from your style and techniques in teaching! Thank you

[@sherriferrarisagum]

Great explanation! Thanks

[@DanielaBoard72]

Good explanation. Helped me so much.

[@christianbruno6357]

Very good at explaining ..you would make an amazing teacher

[@bvandenberg1]

Solid explanation on a trust deed.

[@guitarsz]

Hi! Thank you for taking the time to make these! Quick questions: Where do these mysterious trustees come from? Are they friends or family with a better financial profile? In your scenario does the bank not want to deal with the first guy because he doesn’t have established credit etc? So is the trustee making the bank “feel better” about lending the money to the trust-or? Does the trustor only get full title back after the loan is satisfied completely or after a few years? And finally, in the case of a trustee sale, does the trustor forfeit his benefit of increase in equity if there is any or does he still retain that? Thank you so much!🙌

[@PrepAgent]

Great question. ... A lender gives the borrower money in exchange for one or more promissory notes linked to a trust deed. This deed transfers legal title to an impartial trustee, to answer your question this is typically a title company, escrow company, or bank, which holds it as collateral for the promissory notes.

[@guitarsz]

Prep Agent thank you!!

[@tonyarutti]

Thank God you're on youtube bro, this helped me a lot!!! The explanation thru the books and other exam prep courses confuses me a bit hahaha

[@nanaernesto2891]

Great info, 1 question where can I go and get more info about this? Title company or banks

[@merrinoverbeck9935]

Studying for the bar exam next week and this was super helpful! Thanks!

[@DaQuan-Boyd]

This helped me so much thank's Prep Agent and Goodluck to everyone you can do it!!!

[@seshatmaat6044]

Joe, thank you, now I understand it more clearly.

[@paulromero3783]

So what's in it for the trustee? It seems that it will be beneficial for the trustee if the trustor doesn't make his payments. The trustee makes money on the misfortune of the trustor? Iight be missing something here. BTW, you explained this beautifully and have a much better knowledge of all this. Thanks!!!

[@lawrencegroves8307]

Thank you for sharing this information.

[@nanaernesto2891]

Great info, I have a question 🙋🏻‍♂️, I m a real estate investor and want to start something new, buy properties (subject to) If I will take over mortgage payment of the seller, I have to do it a trust deed for protect myself right???

[@Starrmunni]

Best explanation ever 🤣, thank you for all your videos!

[@AllureSoul]

JOE! Thank you!!

[@tiaquenasmith]

gratitude Joe!!

[@joeycoco5396]

Thanks. Great, clear description. Ques...if the trustor pays the loan, as you stated & the trustee then, in return, gives him the title...what was in it, for the trustee? Just asking why someone would be a trustee if A. The loan gets paid, as agreed & trustor gets title B. Trustor doesn't pay loan & trustee ends up having to sell the estate, in order to get back his money. Sounds like Trustee gets nothing, either way...not even any equity that was gained? How does he make a profit?

[@daisys9710]

Great question! I need to know too!

[@chiterrapalmer]

wondering as well!!

[@briane.miller6372]

That was my question as well and I found this, "Most corporate Trustees will receive between 1% to 2%of the Trust assets. ... In most cases, a private Trustee will be paid an hourly rate that is multiplied by the amount of work provided to the Trust. If a private Trustee works 100 hours on a Trust administration, then they may receive $25 to $35 per hour for their work."

[@briane.miller6372]

Also this "Most corporate Trustees will receive between 1% to 2%of the Trust assets. For example, a Trust that is valued at $10 million, will pay $100,000 to $200,000 annually as Trustee fees. This is routine in the industry and accepted practice in the view of most California courts"

[@joeycoco5396]

@@briane.miller6372 ok. Well that makes sense. Thanks!

[@elsychung_]

Great explanation! Can you explain what's a fictitious trust deed and its purpose? Thanks!

[@sylviaprice6432]

Joe really make content short and sweet.

[@priscilaelias8007]

I love your videos, and I was wondering if you could explain to me the difference between the deed OF trust and deed IN trust. Thank you so much!

[@ExtremeIntelligence8]

Great explanation sir.

[@mukeshghimire1dharmikmanch]

thank you sir .. understand every thing but still cant understand who is that middle man ? bank,company,inscuranse or who?!!!!

[@mukeshghimire1dharmikmanch]

i mean trustee!!!

[@geraldmurphy6912]

Brilliant explanation

[@JossieL-w8k]

OMG THANK YOU FOR YOUR EXPLANATION!!!!

[@aiymankhan7222]

Hi Joe 👋 please can you tell me what is the difference between security deed(deed to secure debt) , mortgage and deed of trust. As I live in GA, we are a non-judicial foreclosure state and they use deed to secure debt here. I have already passed the exam last year thanks to your course I had purchased made it very easy. But I need some clarification for this, please help!

[@mikewilliams8001]

VERY GREAT explanation Joe. Keep up the great content!

[@MrAkosFintor]

thank you but what does the Trustee gets out of all this? what's in it for him?

[@derrickharris5421]

awesome videos man. The only thing I'm confused on is who this trustee is. Is it a company? is it an investor? can it be both?

[@brandonbakhtiar7451]

Ok so this explained the role of a 2nd deed in purchase situations but are there products to help with accessing equity? Say 5% of the equity?

[@lastjester5109]

Wouldn't the trustor also be know as something Seisin if they paid off all of his loan to the beneficiary? Since they own and Possess the property

[@drew8653]

I'm in Oregon, Lien Theory State, sounds like this style of Trust Deed isn't really used here? If I understand correctly (trying to use your keep it concise, keep it simple method - love it!), a borrower in Oregon maintains legal title (it's not held by a Trustee) and the mortgage is a lien on the property. Thanks for your incredible content - again I wish I found this a lot sooner!

[@janessajohn3085]

greatly explained !

[@timpersonett3391]

This was good 😊

[@VicDamoneJr82]

thank you ! why would a truster take a second lien ?

[@kendallmoore1483]

So the trustor can be the owner of the house you're trying to buy?

[@marisol033]

Thanks for the video. Have a good Holy Sunday.🙂from California

[@Markan6186]

This was awesome!!! Great great explanation

[@tomcat0395]

how does the trustee benefit from this 3-party transaction? What's in it for them? (sorry if you've already answered this one)

[@donbush5280]

This helped me alot u Rock !!!!

[@junevelaz]

Thanks Joe!!! Great video like always!!!

[@PrepAgent]

thank you!

[@claudiadeleon8150]

What is trustee’s deed ?

[@husseinwahussein4992]

Great explanation ☝🏾

[@HairstylesMigue]

Struggling with my estate exam ): I bought your pre agent service and I went in the school 2 times I only pass The school exam but not the estate exam is very hard , and I took the exam 4 times and score 67 😢😢😢 I am a loser never gonna be and agent so sad, why the estate make it more difficult?

[@tatianasamariamusic4016]

I don’t know you sis but you got this! Take it til you pass! Re read chapters, watch videos & use flashcards. All three methods will get you there ❤️

[@TheJuiicymelanie]

Same here! I failed 3 times and I was so confident I was going to pass. They switch up words and trick you a lot! It’s so hard for me ☹️

[@Zammy0125]

This is amazing thanks joe

[@nathaliejules6454]

Is this the damn as a deed of trust, three party system trustor (borrower), trustee (attorney), beneficiary (lender)

[@Robert-id2dw]

Who does the trustee reconvey to when the trust or dies with a small balance and 1 of the trustors descendants pays the balance

[@melissablankenship9018]

Are you saying “trustee sale” or “trust deed “ sale?

[@bbintheclouds]

Trustee Sale

[@gigimwing]

HAHA I thought the same!

[@jeffrobins7494]

This may be a little off topic, but since California pretty much just uses Trust Deeds do the banks sell those to the 2nd mortgage market or is that only mortgages?

[@PrepAgent]

good question, yes people can invest in trust deeds.

[@jackdelligatti486]

Thank you!

[@tammykim3902]

If the trustor didnt have money to buy a house in the first place how and when did he have a title to give to the trustee? isnt equitable title given after loan is paid off

[@stationeryboo]

The legal title is given after loan is paid off

[@thefamilystone5]

This is so cool, it helped so much!!!

[@ryliequinn9905]

I can officially say I now understand.. Lol.. Thank you!

[@apr1647]

so the trustee is like a baby sitter like a fancy bill collector

[@NoteStarterCapitalInvestments]

Dude.. Diggin the explanation and the antics hahaha ...

[@realtordustin]

Great Stuff! Thanks

[@marshall1509]

really helpful

[@broleander]

How do I pay taxes on my 1 trust deed income???

[@saleenr6]

if the trustor doesn't have a house, how does he give the trustee the title?

[@cleitton25]

you are incredible !!

[@elisavazquez712]

How does a trusteed benefit from doing this? how do they make money doing this if the trustor does good by them?

[@melanievelazquez8288]

Ugh thank you! I couldn’t grasp this concept! Lol

[@r.b.somers2052]

Great video!

[@TriangleBusinessUSA]

We dodon't have foreclosures now. Due to covid 19

[@hannapahl543]

thank you for being excellent

[@neducaref]

Need help writing an Aggrement

[@jonathanh5134]

Who would be the trustee?

[@PrepAgent]

Great question. ... A trustee is typically a title company

[@carmelspencer7464]

@@PrepAgent what if the trustee is not a title company, but an individual property owner that is selling, but is also serving as the bank ( as in a rent to own situation). Is a trust deed needed?

[@warrent8590]

Thanks pal

[@john-realestate]

nice video

[@BassMusician7]

Wow! Thanks!

[@brigithrivas40]

Thanks, helped a lot!

[@dianablack2739]

SHALOM! 🖤🙌☝

[@dianablack2739]

SHALOM! I know this may be unprofessional but I have a personal question to ask you. Are you married or do you have a girlfriend?🤔

[@خُدبالك-ز8ع]

Great, thanks

[@2011vortex]

Funny shit, love it

[@alwayswealth6000]

["Explain Alodial Title and how we all can get it with our purchase of property"].........

[@moustafaaladham7161]

do you check your messages in messenger? I sent you a question, you never answered me

[@PrepAgent]

No I do not, the best way to contact ya through the web site. Not through my personal accounts

[@edjuangreen7756]

This was hard to watch

[@urnalterds404]

pshhhhhh

[@falconstacks1821]

Damn banker thief’s , so cool how the bank trick folks.