What is a Secured Property

In this episode of RELAW Docs, Jennifer Felten explains what "secured property" means in real estate loans. When a property is used as collateral for a loan, it ensures the lender has something to recover if payments aren't made. Jennifer also talks about how legal descriptions are crucial for securing a property, as addresses alone aren't enough. She goes over the role of a trustee, who holds title to the property and can either foreclose if there’s a breach or release the property once the loan is fully paid.

If you're curious about secured property and how it works in real estate loans, check out the full video. Don't forget to like, subscribe, and share!

For more information, visit relawapc.com or call 805-265-1031.
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