Help creating a mortgage. - Posted by Brian - California

import · March 29, 1999, 4:53pm

Posted by Rob FL on March 29, 1999 at 21:11:09:

Legal requirements of a mortgage: mortgagor, mortgagee, description of property, tied to a promissory note, granting clause, defeasance clause, signed by mortgagor. You can probably get copies at an office supply store or from the public records.

import · March 29, 1999, 4:53pm

Posted by Brian - California on March 29, 1999 at 17:53:47:

Hello all -

I’m looking for a course or a book that would describe in detail the process of creating and selling my own mortgage. I’ve read J.P. Vaughan’s excellent how-to article, but I’m looking for something with more detail and instruction. For example, I now know that if I have a piece of paper and a typewriter, I can create a mortgage - but how? What does it look like? What are the exact requirements?

Thanks in advance,
Brian

import · March 29, 1999, 8:25pm

Re: Help creating a mortgage. - Posted by Nancy in NC

Posted by Nancy in NC on March 29, 1999 at 21:25:35:

If you own your own home, look at your files and read your mortgage or deed of trust and your promissory note. If not go to courthouse and look in grantor book and look up a couple of recently filed deeds and make copies so you can read them at your leisure and begin to understand the customary practices in your town.