Practice Areas




Contact



Wendell L. Belknap
411 5th Street
Oregon City, OR 97045

Tel: 503-657-8946
Fax: 503-655-2775

Email Wendell
wendell@belknaplaw.com

Website:
www.belknaplaw.com

Promissory Notes & Trust Deeds


Some real estate transactions in which I am involved include some level of seller financing. In the past, many of these transactions were handled by use of a real estate contract. While real estate contracts are used still (sometimes by my office, too), the most common way to structure seller financing is by a promissory note which is then secured by a Trust Deed (essentially this performs the same function as a mortgage did years ago). While these are not complex, the amount involved usually makes it advisable to have an experienced real estate attorney prepare them for you. Please contact me to schedule an appointment for a consultation to discuss preparation of a promissory note secured by a deed of trust.