PROMISSORY NOTE AND DEED OF TRUST PACKAGE
Fee: $349
The We The People Promissory Note and Deed of Trust Package combines two useful documents into one package: Promissory Note and Deed of Trust. The We The People Promissory Note form is used to document that a borrower (the maker) agrees or promises to pay back money to a lender (the holder) according to specified terms.
* The fees above do not include filing, recording, or courier service fees.
MORE ABOUT PROMISSORY NOTE AND DEED OF TRUST
The We The People Promissory Note and Deed of Trust Package combines two useful documents into one package: Promissory Note and Deed of Trust. The We The People Promissory Note form is used to document that a borrower (the maker) agrees or promises to pay back money to a lender (the holder) according to specified terms.
When used with a We The People Deed of Trust, the Promissory Note is secured with a lien on the real estate listed in the Deed of Trust. While a Deed of Trust in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the debt have been satisfied. In other words, the Deed of Trust is a security for the loan that the lender makes to the borrower. The We The People Deed of Trust is filed with the County Recorder in the county where the real estate is located, alerting others that the property has been used to secure a debt.
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