Real Estate 12

A deed of trust is filed with the Land Records department of the circuit court in the county in which the property is located.

• True

• False

Do you have to sign a promissory note when purchasing a home?

• Yes

• No

What documents gives the the lender the authority to foreclose if you don't make your monthly payments?

• HUD-1

• Deed of trust (Mortgage)

• Note

• Promissory note

Who signs the Release Deed?

• the borrower

• the lender

• the trustee

• county clerk's office

After the lender signs the release deed, where does the deed go?

• to the public trustee

• to the county's clerk's office

• to the borrower

• back the the lender

What is the note marked with?

• Paid

• Paid in Full

• Release

• Zero Balance