The Trust Deed Process
Getting Started with Our Trust Deeds
A Trust Deed is Presented
- The Norris Group sends out a list of available deals. If you find something of interest, you can ask for more information
- The Norris Group sends for your viewing:
- Property appraisal
- Property information
- Once you review and commit to a trust deed, we will ask how you prefer to take title to the deed of trust (also known as vesting)
- The Norris Group creates documents which we send you to sign including:
- Investment Bulletin
- Purchaser/Lender Disclosure Form
- Loan servicing agreement
- Any other relevant documents required by the Department of Real Estate
Commit to an Investment
After signing all documentations listed above, you can return everything via email or FedEx along with a personal check or cashier’s check (cashier's check not required). Wiring may be required for short-term deals where speed is important.
The Transaction Closes
Once escrow closes (deed of trust is recorded at the County’s Recorder Office), you will receive a receipt along with copies of the following:
- Original Promissory Note
- Copy of the Recorded Deed of Trust
- Copy of the Title Insurance Policy
- Copy of the Fire Insurance Loss Payee
Payments Mailed to You
On a monthly basis, The Norris Group collects the payments from the borrower and sends a check to you, the trust deed investor. This will continue to occur until the loan is paid off. The Norris Group also monitors property tax payments and insurance as part of servicing.
Sign up to receive Trust Deeds.