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| When real property is pledged with a mortgage without giving up possession |
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| Money invested in property and possession |
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| Borrower (Deeds Of Trust) |
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| Neutral Third Party holding naked title. (Deeds Of Trust) Usually escrow officer. |
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| Seller (Contract For Deed , Land Conract) |
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| Buyer (Contract For Deed , Land Conract) |
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| Conveyance of title without approval accelerates maturity (non assumable) Contract For Deed |
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| If loan is paid, the vendor's lien is no longer valid (Contract For Deed) |
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| Lender may restructure a delinquent loan delaying foreclosure |
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| Borrower deeds property to lender and is released from liability (Friendly Foreclosure) |
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| Seller loans part of the equity in addition to a lender (ie. 80 - 10 - 10) |
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| All Inclusive Deed Of Trust |
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| Seller wraps a new loan around the original loan (Wrap Around Mortgage) |
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| Amount of return on a loan = annual interest / amount invested |
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| 1% of loan amount (Discount Point increases yield by 1/8% |
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