I am confused. At the beginning the beneficiary didn’t want to lend the money and says give legal total to trustee. How does this help the trustor in getting the money needed?
Structor Modeling I got my test next week and I’m kind of freaking out , can I asked what did you use to study ? And what state did you take the exam ?
Wow. This really helped a lot! This was a section on the test that I didn’t know or really remember at all. I understand it so much better now with the little stick figures haha.
Can you please do this video for land trust, living trust and testamentaty trust? This was so helpful and those other terms make me want to cry and not study anymore.
Hi, I think I'm confused. When is all this happening? (the trustor is paying beneficeary) Is this happening after the property was sold and the trustee moves in?
Isn't foreclosure the name for when a borrower defaults on a mortgage? Not a trust deed? Also, do we have to know the timeline on redemption periods and time it takes to cure a default?
Why in real estate, they give so many terms for one exact same thing . There’s no need to create a “real estate gibberish dictionary ” One of the reasons I say this is because when we actually present contracts to clients, we are lawfully bound to have them written in short ,vocal words that they actually understand. LoL So we learn this stuff. And in the real world we can’t use it .🤯
Question if you are the trustee and trustor rents out the property are not being paid, would the lenders /tax/county come after the trustee for the loan money that has not been paid? MY situation; My grandfather had Refinanced and I signed as deed of trust but since I will be moving out of California state How would I be able to remove myself? How are the responsibilities of the trustee when it comes to money or the lenders of the lone ,sorry if I’m not making since I’m alil slow ,So if I am on the deed of trust could I be able to put the house for sale with out permission of the home owner who refinance..? I’m all new to this and I just wanna be off all responsibilities be4 I take off out of state what would I need to do plzzzz help 🙏
Does the trustee have to meet certain qualification I’m sure they do because why would they give the loan just because he conveyed title to the trustee
HIyou think its possible to pass the ny state exam with just your videos??? I know the course is mandatory to get licensed. the reason im asking is because I have a test date scheduled for next week but the course that im enrolled starts next monthI know everybody learns at a different speed but has any of your students been able to do it?
Gabriel Polit whatever happened? In the state of Florida you have to have completed the amount of hours required in class and then pass the test for said class before taking the state exam. In fact, you cannot register for the state exam without that certificate of completion so I'm honestly surprised that you were able to schedule your state exam.
Can you use real name examples??? ie... BUYER, SELLER, BANK, etc... still isnt clear. Your example makes sense only in that it is a procedure. Please!!
Wish I could say this helped but you still used big words and concepts that were difficult to understand. No idea what a beneficiary or trustor or trustee are... Don't know what the right to sell part... Reconvey etc... Try explaining like I'm five years old. Like "guy wants candy and this happens" etc or something
I think the reason why the concept of this type of mortgage is that it's never explained what or who would be a trustee. By you simply saying, "a trust lawyer" usually is the trustee, I was like, "BOING, OH, NOW I GET IT"! Why are real estate saleperson study guides so badly written?
I could never understand this for the life of me! Thanks to your fun video, I will never forget. Best instructor!
I LOVE the way you explain things. It's literally the best way to learn and understand! Thanks for the awesome videos!!!
I am confused. At the beginning the beneficiary didn’t want to lend the money and says give legal total to trustee. How does this help the trustor in getting the money needed?
I passed first try. Thanks for your help!
Structor Modeling I got my test next week and I’m kind of freaking out , can I asked what did you use to study ? And what state did you take the exam ?
@@willsanchez8937 hope you passed
Wow. This really helped a lot! This was a section on the test that I didn’t know or really remember at all. I understand it so much better now with the little stick figures haha.
Thank you, I had the hardest time with these three things. You are a genius!
Can you please do this video for land trust, living trust and testamentaty trust?
This was so helpful and those other terms make me want to cry and not study anymore.
Hi, I think I'm confused. When is all this happening? (the trustor is paying beneficeary) Is this happening after the property was sold and the trustee moves in?
The best teacher !!
Thank you!!! My Oregon real estate license online class needs to incorporate more videos like this!!!!
oh gosh! I have been struggling with the trust deeds so much and turns out it's so simple!!! Thank you!!!!!
You could not have made this easier to understand THANK YOU
Excellent explanation.
Isn't foreclosure the name for when a borrower defaults on a mortgage? Not a trust deed? Also, do we have to know the timeline on redemption periods and time it takes to cure a default?
Why in real estate, they give so many terms for one exact same thing .
There’s no need to create a “real estate gibberish dictionary ”
One of the reasons I say this is because when we actually present contracts to clients, we are lawfully bound to have them written in short ,vocal words that they actually understand. LoL
So we learn this stuff.
And in the real world we can’t use it .🤯
Joe can u explain statutory deed and security deed plz??
is a sheiff sale another name for a trustee sale? what about pre foreclosures?
Great Video! Thank you!
Question if you are the trustee and trustor rents out the property are not being paid, would the lenders /tax/county come after the trustee for the loan money that has not been paid? MY situation; My grandfather had Refinanced and I signed as deed of trust but since I will be moving out of California state How would I be able to remove myself? How are the responsibilities of the trustee when it comes to money or the lenders of the lone ,sorry if I’m not making since I’m alil slow ,So if I am on the deed of trust could I be able to put the house for sale with out permission of the home owner who refinance..? I’m all new to this and I just wanna be off all responsibilities be4 I take off out of state what would I need to do plzzzz help 🙏
I love you man! You are awesome. Your videos are amazing.
Simply brilliant - thank you!
This was sooo helpful. Kept having a brain fog with this one!! Lol 😂 So glad I really get it now!! 🎉🎉💖
What’s the difference between deed in trust vs deed of trust
What is OR and EE that you mentioned.
Ye80s OR gives, EE receives
Does the trustee have to meet certain qualification I’m sure they do because why would they give the loan just because he conveyed title to the trustee
Thank you Joe!
You are welcome
Very good video
HIyou think its possible to pass the ny state exam with just your videos??? I know the course is mandatory to get licensed. the reason im asking is because I have a test date scheduled for next week but the course that im enrolled starts next monthI know everybody learns at a different speed but has any of your students been able to do it?
I believe in most states there's a required number of hours you have to spend in class. Hope that helps.
Gabriel Polit whatever happened? In the state of Florida you have to have completed the amount of hours required in class and then pass the test for said class before taking the state exam. In fact, you cannot register for the state exam without that certificate of completion so I'm honestly surprised that you were able to schedule your state exam.
i got 64 percent. 9 questions away to pass my exam
Just to say thank you!
This was it 🎯🎯🎯🎯🎯
Thank you, thank you, thank you, thank you........!
Thank you
helped a lot thank you!!1
Can you use real name examples??? ie... BUYER, SELLER, BANK, etc... still isnt clear. Your example makes sense only in that it is a procedure. Please!!
Nice job.
Helps so much!!
1962 fictitious trust deed could it possibly be a living will
This part is soooo confusing😩😩😩
Omg thanks for making it a pice of cake
why does the trustor need money if he starts out with the title? Thats the part that confuses me....
A second mortgage would be one example. Also could be used as a security against a debt.
Thankssssss
Wish I could say this helped but you still used big words and concepts that were difficult to understand. No idea what a beneficiary or trustor or trustee are... Don't know what the right to sell part... Reconvey etc...
Try explaining like I'm five years old.
Like "guy wants candy and this happens" etc or something
Omg..this is so hard to understand
I think the reason why the concept of this type of mortgage is that it's never explained what or who would be a trustee. By you simply saying, "a trust lawyer" usually is the trustee, I was like, "BOING, OH, NOW I GET IT"! Why are real estate saleperson study guides so badly written?