Question About Notes
For some reason, my post keeps getting deleted so let me rephrase the question.
If a seller creates a note, but does not record or transfer the deed to the buyer, Can the note be sold without any issues?
Thanks
If someone were to try to sell me a note that does not have a recorded deed of trust. I would treat it as an unsecured note & price it accordingly. If there is a deed of trust that just hasn't been recorded, I would record the deed & find out if , how many if any any other deeds were recorded senior to the note.
So to answer your question, your note can be technically can be sold, but it's value to a buyer would be greatly reduced without the recorded deed of trust.
To put the question succinctly:
Would YOU buy a note without any real security?
If so, have I got a jillion deals for you!