[WSBARP] Mortgage vs Deed of Trust

[Jeff at bellanddavispllc.com]

I would do the deed of trust; you can always choose to foreclose it as a
mortgage, but why, unless required by law, or you are running up to a
statute of limitation problem.

 

Jeff

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email: jeff at bellanddavispllc.com <mailto:jeff at bellanddavispllc.com> 
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of Nestor Gorfinkel
Sent: Wednesday, November 8, 2023 8:10 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Mortgage vs Deed of Trust

 

PC wants to deed property to son and take back a mortgage. Other than the
judicial vs non-judicial and the time period to foreclose (as well as
appointing a trustee) any other significant differences between deed of
trust and mortgage?

 

Nestor B. Gorfinkel

Gorfinkel Law Chartered

Attorney at Law & Florida Civil-Law Notary

Admitted to Practice Law in Florida and Washington

 

19790 W. Dixie Highway Suite 1101

Miami, FL 33180

Tel. (305) 932-5757 (FL)

Tel. (425 961-0519 (WA)

Fax (786) 980-4846

 <mailto:ESQ at gorfinkel-law.com> nestor at glclawyer.com

 



 

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