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tanya52 · Joined: 22 Feb 2010 Posts: 1 1.29 Dollars($)

I have a lease home and the tenants whatn to purchase it. Their credit is not good enough to qualify for a normal loan I am willing to finance them. I heard I could do an all inclusive trust deed. If I go this way do they own the home and responsible for keeping it up and repairs? How exaclty does this work? The home is in Texas

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Hi,

Yes, They are responsible to keep it in neat condition & repair of home.

To know more clearly about deed of trust deed check this article by Admin Sam

http://www.mortgagefit.com/deed-trust.html

Thanks & Regards
gunz.ijjistaff Laughing

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All inclusive trust deed