Issue a Deed of Trust

Financing, Hard Money Lenders, Private Money
1

Hello REIClub,

I have a situation where I don’t know if it is legal or not (and Pre-Paid Legal won’t get back to me until Monday).

Here it is: If I am to pay someone’s reinstatement fees to avoid foreclosure in Maryland, do I have a right to record a Deed of Trust on the property or is drawing up a Deed of Trust acting as a lender?

I have a situation where I want to invest in this pre-foreclosure property. However, I want to stay within my legal limits.

This is not my first investment by far, but I also thought that an answer would not only help me, but help the whole REIClub Community.

Thank you.

2

You are turning to the right place by calling an attorney, that’s my opinion, because this could be shakey ground.