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A trust deed simply explained

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PrepAgent

PrepAgent

4 жыл бұрын

A trust deed simply explained to help you pass you pass your real estate exam!
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Пікірлер: 121
@PrepAgent
@PrepAgent Жыл бұрын
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@berto81
@berto81 Жыл бұрын
Thank you for being so much help!!!!
@coachkay1263
@coachkay1263 4 жыл бұрын
I passed my Georgia Real Estate Licensing Exam yesterday!!!! Thanks so Joe!!!! Praise God!!!!!🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾
@eatchas
@eatchas 3 жыл бұрын
How has being a realtor my wife is studying for the test now.
@roosterinmarari
@roosterinmarari 2 жыл бұрын
Congratulations!!!!!!!
@PioneerPerez1
@PioneerPerez1 Жыл бұрын
Let’s go!!!
@yulnikita
@yulnikita Жыл бұрын
Praise God! Congratulations 🎉
@jessmbaby
@jessmbaby 3 жыл бұрын
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
@brendarios1421 11 ай бұрын
Same here I'm a Notary in the state of CA. I love his videos.
@katieghoul0092
@katieghoul0092 3 жыл бұрын
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
@yun9393 4 жыл бұрын
I passed my exam on Friday because of your video! 🎉 Thanks Joe!
@soulextract4139
@soulextract4139 4 жыл бұрын
This helped a lottttt, I like your teaching style
@jennyvuong1211
@jennyvuong1211 3 жыл бұрын
I love you. Hahaha your teaching style is awesome. Simple, easy to understand and lots of laughters!
@andysalient3267
@andysalient3267 4 жыл бұрын
Crystal clear Joe, 👌🏽 much appreciated as always 😄
@thomascoatesjr5570
@thomascoatesjr5570 2 жыл бұрын
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
@kojirosasaki8129
@kojirosasaki8129 3 жыл бұрын
. I'm now a member of prep agent . You guys just had a great special.
@aprilwojcik5207
@aprilwojcik5207 3 жыл бұрын
I have learned so much from your style and techniques in teaching! Thank you
@gyppyredd
@gyppyredd 2 жыл бұрын
You are by the far the best teacher I have listened to
@DaQuan-Boyd
@DaQuan-Boyd 3 жыл бұрын
This helped me so much thank's Prep Agent and Goodluck to everyone you can do it!!!
@guitarsz
@guitarsz 4 жыл бұрын
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
@PrepAgent 4 жыл бұрын
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
@guitarsz 4 жыл бұрын
Prep Agent thank you!!
@merrinoverbeck9935
@merrinoverbeck9935 3 жыл бұрын
Studying for the bar exam next week and this was super helpful! Thanks!
@sherriferrarisagum
@sherriferrarisagum Ай бұрын
Great explanation! Thanks
@seshatmaat6044
@seshatmaat6044 3 жыл бұрын
Joe, thank you, now I understand it more clearly.
@paulromero3783
@paulromero3783 2 жыл бұрын
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!!!
@mariarojas-jt6pw
@mariarojas-jt6pw 11 ай бұрын
Thank you so much for your explanation of Trust Deeds, it helped me understand it.
@mikewilliams8001
@mikewilliams8001 3 жыл бұрын
VERY GREAT explanation Joe. Keep up the great content!
@tonyarutti
@tonyarutti Жыл бұрын
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
@AllureSoul
@AllureSoul Жыл бұрын
JOE! Thank you!!
@Starrmunni
@Starrmunni Жыл бұрын
Best explanation ever 🤣, thank you for all your videos!
@user-fe5dj8hx8n
@user-fe5dj8hx8n 2 жыл бұрын
OMG THANK YOU FOR YOUR EXPLANATION!!!!
@marisol033
@marisol033 4 жыл бұрын
Thanks for the video. Have a good Holy Sunday.🙂from California
@joeycoco5396
@joeycoco5396 4 жыл бұрын
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
@daisys9710 3 жыл бұрын
Great question! I need to know too!
@chiterrapalmer
@chiterrapalmer 2 жыл бұрын
wondering as well!!
@briane.miller6372
@briane.miller6372 2 жыл бұрын
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
@briane.miller6372 2 жыл бұрын
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
@joeycoco5396 2 жыл бұрын
@@briane.miller6372 ok. Well that makes sense. Thanks!
@bvandenberg1
@bvandenberg1 Жыл бұрын
Solid explanation on a trust deed.
@christianbruno6357
@christianbruno6357 Жыл бұрын
Very good at explaining ..you would make an amazing teacher
@ExtremeIntelligence8
@ExtremeIntelligence8 2 жыл бұрын
Great explanation sir.
@donbush5280
@donbush5280 Жыл бұрын
This helped me alot u Rock !!!!
@DanielaBoard72
@DanielaBoard72 Жыл бұрын
Good explanation. Helped me so much.
@kandacemarshall6186
@kandacemarshall6186 2 жыл бұрын
This was awesome!!! Great great explanation
@tiaquenasmith
@tiaquenasmith 2 жыл бұрын
gratitude Joe!!
@4eversexy693
@4eversexy693 4 жыл бұрын
Great explain it 👍👍👍
@PrepAgent
@PrepAgent 4 жыл бұрын
Thank you :)
@lawrencegroves8307
@lawrencegroves8307 11 ай бұрын
Thank you for sharing this information.
@priscilaelias8007
@priscilaelias8007 3 жыл бұрын
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!
@junevelaz
@junevelaz 4 жыл бұрын
Thanks Joe!!! Great video like always!!!
@PrepAgent
@PrepAgent 4 жыл бұрын
thank you!
@geraldmurphy6912
@geraldmurphy6912 3 жыл бұрын
Brilliant explanation
@elsychung_
@elsychung_ 3 жыл бұрын
Great explanation! Can you explain what's a fictitious trust deed and its purpose? Thanks!
@timpersonett3391
@timpersonett3391 8 ай бұрын
This was good 😊
@HairstylesMigue
@HairstylesMigue 4 жыл бұрын
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
@tatianasamariamusic4016 4 жыл бұрын
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
@TheJuiicymelanie 3 жыл бұрын
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 ☹️
@NoteStarterCapitalInvestments
@NoteStarterCapitalInvestments 2 жыл бұрын
Dude.. Diggin the explanation and the antics hahaha ...
@sylviaprice6432
@sylviaprice6432 2 жыл бұрын
Joe really make content short and sweet.
@jackdelligatti486
@jackdelligatti486 2 жыл бұрын
Thank you!
@MrAkosFintor
@MrAkosFintor 3 жыл бұрын
thank you but what does the Trustee gets out of all this? what's in it for him?
@janessajohn3085
@janessajohn3085 Жыл бұрын
greatly explained !
@drew8653
@drew8653 4 жыл бұрын
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!
@ryliequinn9905
@ryliequinn9905 3 жыл бұрын
I can officially say I now understand.. Lol.. Thank you!
@thefamilystone5
@thefamilystone5 2 жыл бұрын
This is so cool, it helped so much!!!
@husseinwahussein4992
@husseinwahussein4992 3 жыл бұрын
Great explanation ☝🏾
@aiymankhan7222
@aiymankhan7222 3 жыл бұрын
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!
@Zammy0125
@Zammy0125 2 жыл бұрын
This is amazing thanks joe
@derrickharris5421
@derrickharris5421 3 жыл бұрын
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?
@nanaernesto2891
@nanaernesto2891 Жыл бұрын
Great info, 1 question where can I go and get more info about this? Title company or banks
@elenabarskaya7127
@elenabarskaya7127 Жыл бұрын
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 ?
@brandonbakhtiar7451
@brandonbakhtiar7451 2 жыл бұрын
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?
@nanaernesto2891
@nanaernesto2891 9 ай бұрын
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???
@mukeshghimire1dharmikmanch
@mukeshghimire1dharmikmanch 2 жыл бұрын
thank you sir .. understand every thing but still cant understand who is that middle man ? bank,company,inscuranse or who?!!!!
@mukeshghimire1dharmikmanch
@mukeshghimire1dharmikmanch 2 жыл бұрын
i mean trustee!!!
@tammykim3902
@tammykim3902 3 жыл бұрын
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
@stationeryboo 2 жыл бұрын
The legal title is given after loan is paid off
@realtordustin
@realtordustin 3 жыл бұрын
Great Stuff! Thanks
@melanievelazquez8288
@melanievelazquez8288 3 жыл бұрын
Ugh thank you! I couldn’t grasp this concept! Lol
@r.b.somers2052
@r.b.somers2052 3 жыл бұрын
Great video!
@lastjester5109
@lastjester5109 15 күн бұрын
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
@Robert-id2dw
@Robert-id2dw Жыл бұрын
Who does the trustee reconvey to when the trust or dies with a small balance and 1 of the trustors descendants pays the balance
@tomcat0395
@tomcat0395 3 жыл бұрын
how does the trustee benefit from this 3-party transaction? What's in it for them? (sorry if you've already answered this one)
@cleitton25
@cleitton25 4 жыл бұрын
you are incredible !!
@VicDamoneJr82
@VicDamoneJr82 2 жыл бұрын
thank you ! why would a truster take a second lien ?
@hannapahl543
@hannapahl543 3 жыл бұрын
thank you for being excellent
@john-realestate
@john-realestate Жыл бұрын
nice video
@kendallmoore1483
@kendallmoore1483 3 жыл бұрын
So the trustor can be the owner of the house you're trying to buy?
@warrent8590
@warrent8590 3 жыл бұрын
Thanks pal
@nathaliejules6454
@nathaliejules6454 3 жыл бұрын
Is this the damn as a deed of trust, three party system trustor (borrower), trustee (attorney), beneficiary (lender)
@melissablankenship9018
@melissablankenship9018 3 жыл бұрын
Are you saying “trustee sale” or “trust deed “ sale?
@bbintheclouds
@bbintheclouds 3 жыл бұрын
Trustee Sale
@gigimwing
@gigimwing 3 жыл бұрын
HAHA I thought the same!
@marshall1509
@marshall1509 2 жыл бұрын
really helpful
@BassMusician7
@BassMusician7 3 жыл бұрын
Wow! Thanks!
@claudiadeleon8150
@claudiadeleon8150 Жыл бұрын
What is trustee’s deed ?
@broleander
@broleander Жыл бұрын
How do I pay taxes on my 1 trust deed income???
@jeffrobins7494
@jeffrobins7494 4 жыл бұрын
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
@PrepAgent 4 жыл бұрын
good question, yes people can invest in trust deeds.
@TriangleBusinessUSA
@TriangleBusinessUSA 4 жыл бұрын
We dodon't have foreclosures now. Due to covid 19
@neducaref
@neducaref 3 жыл бұрын
Need help writing an Aggrement
@user-ey3df6fv7n
@user-ey3df6fv7n 4 жыл бұрын
Great, thanks
@elisavazquez712
@elisavazquez712 2 жыл бұрын
How does a trusteed benefit from doing this? how do they make money doing this if the trustor does good by them?
@dianablack2739
@dianablack2739 4 жыл бұрын
SHALOM! 🖤🙌☝
@dianablack2739
@dianablack2739 4 жыл бұрын
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?🤔
@saleenr6
@saleenr6 2 жыл бұрын
if the trustor doesn't have a house, how does he give the trustee the title?
@apr1647
@apr1647 5 ай бұрын
so the trustee is like a baby sitter like a fancy bill collector
@jonathanh5134
@jonathanh5134 4 жыл бұрын
Who would be the trustee?
@PrepAgent
@PrepAgent 4 жыл бұрын
Great question. ... A trustee is typically a title company
@carmelspencer7464
@carmelspencer7464 3 жыл бұрын
@@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?
@brigithrivas40
@brigithrivas40 3 жыл бұрын
Thanks, helped a lot!
@2011vortex
@2011vortex Жыл бұрын
Funny shit, love it
@alwayswealth6000
@alwayswealth6000 4 жыл бұрын
["Explain Alodial Title and how we all can get it with our purchase of property"].........
@moustafaaladham7161
@moustafaaladham7161 4 жыл бұрын
do you check your messages in messenger? I sent you a question, you never answered me
@PrepAgent
@PrepAgent 4 жыл бұрын
No I do not, the best way to contact ya through the web site. Not through my personal accounts
@edjuangreen7756
@edjuangreen7756 2 жыл бұрын
This was hard to watch
@urnalterds404
@urnalterds404 2 жыл бұрын
pshhhhhh
@falconstacks1821
@falconstacks1821 2 жыл бұрын
Damn banker thief’s , so cool how the bank trick folks.
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