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Can a quit claim deed be incorporated into a deed of trust?

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jazells Joined: 30 Mar 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Mar 30, 2010 1:40 pm    Post subject: Can a quit claim deed be incorporated into a deed of trust? Like 0 Dislike 0 We are going to ower finance a home and would like to have a quit claim deed be part of the deed of trust. Our thinking is that in the event of non payment we could avoid the foreclosure process. Is this possible?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue Mar 30, 2010 8:19 pm    Post subject: Like 0 Dislike 0 Hi jazells, If you do not pay your mortgage dues on time, the lender will be able to foreclose your property. As far as I know, the deed of trust is a deed given by the borrower to a trustee for securing a debt. This deed of trust also creates a lien on the title of the property. In case of a deed of trust, the foreclosure process can be much faster than compared to a normal mortgage. _________________ Procrastination is the enemy of your financial success

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