OPEN END DEED - Posted by VERN W.

Posted by CH on January 30, 2002 at 21:28:21:

I’ve heard of an open-ended mortgage, which builders normally use. It allows for future advances ( draws ) against a preset line of approved credit.

OPEN END DEED - Posted by VERN W.

Posted by VERN W. on January 30, 2002 at 17:28:56:

WHO HAS HEARD OF AN OPEN END DEED OF TRUST AND WHAT
TYPE OF TRUST IS THIS AND WHAT SHOULD I LOOK OUT FOR

HELP!

Never … - Posted by Redline

Posted by Redline on January 30, 2002 at 21:32:51:

Never heard of this.

What state is this and how is this term being used?

RL