Should the deed of trust and real estate note have different loan amounts on them?
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Should the deed of trust and real estate note have different loan amounts on them?
Asked on November 8, 2012 under Real Estate Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Custom and practice in the real estate industry is that the amount of a promissory note and a trust deed should mirror the other. It makes no sense that in any transaction the tow amounts should differ. If such do, I suggest that you question the reasons for such.
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