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Which instrument would you use in cutting your steak? While the spoon may eventually get the job done, the results will be sloppy and crude at best. Care must be taken to insure that the proper instrument is used at the correct time to achieve maximum performance for the desired results. The same can be said in articulating the arguments for a pleading or for oral arguments in an action before a court. Many times the use of improper terms and words give misdirection in the litigation of a case that is before the court. Admissions are given time and time again with no thought to the results of such stipulations. As one does not understand what is being stated; ignorance is no excuse under the law.
Did you know that Land Trusts not only hold title to real estate, but can hold any real estate related asset. This means that you can hold real estate options, notes, mortgages, air rights, mineral rights, contract for deeds, etc. One of the many benefits of using a Land Trust is to hold title to the property confidentially. The same logic holds true for those of you in the "note" business. You should NOT own those notes in your personal name.
Discrimination and civil rights can be a pretty murky topic and not as cut and dry or “black and white” as one might think
It’s easy enough to think of these topics in terms of blatant acts, such as requiring someone to sit at the back of the bus, drink from a separate water fountain, not being allowed to sit at food counter, or being denied access to services based on the color of their skin, gender, or sexual orientation. Actions like these, for the most part and hopefully, are a thing of the past.
In the previous article we have conversed about the “Person entitled to enforce" hereinafter abbreviated to "PETE” In this article we are looking at What happens when there is no PETE? This is a question that is asked however, no answer is given by the party looking to foreclose. The party that is attempting to foreclose had a choice to make prior to attempting a foreclosure action. The party could seek monetary relief by utilizing the Tangible Promissory Note, or it could attempt foreclosure by using the Security Instrument that was to be attached to a properly perfected Tangible Promissory Note.