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No
Fractionalization!
A fractionalized loan is one
where several or many lenders are grouped together to make
one loan. V.I.P. has never offered
and will not offer you a fractionalized trust deed. Our
philosophy is that this practice, though easy for the
broker, is (in our opinion) extremely dangerous for the
lender. A separate article on "The Dangers of
Fractionalized Trust Deeds" is available
RIGHT
HERE.
Your trust deed investment in
California property comes in the form of a promissory note
secured by a deed of trust with a title insurance policy
insuring your position as a trust deed holder. Your name
will be added to the fire insurance policy on the property,
insuring you in case of fire. Our in-house escrow service
assures fast and efficient loan processing.
V.I.P. Trust Deed
Company will service this investment during its
lifetime (for a very nominal fee). Payments are normally
made on a monthly basis; checks sent to you will have a
complete breakdown of principal, interest, remaining
balance, etc. Checks are mailed weekly.
V.I.P. is
a member (or has been a member*) of most major mortgage institutes, including
California Mortgage Association (CMA), California Trustees
Association (CTA), National Association of Real Estate
Appraisers, California Independent Mortgage Broker Association (CIMBA)*,
Mortgage Institute*, California Trust Deed Brokers
Association.
*no longer in business
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