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Does Morgage Trust Deed need to be filed?

  • Thread starter Thread starter TheMalamute
  • Start date Start date

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TheMalamute

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What is the name of your state?Florida - I am thinking about using a freindly lien to protect some equity in a property I own. I was going to issue a mortgage trust deed for the amount of the equity I want to protect and have it held by corporation I own.

The thing is that Flroida has a mortgage tax and as a result I would prefer not to have the mortgage filed with the county clerk. Will my mortgate still be valid if it is not filed with the clerk? Thank you so much!
 


H

HomeGuru

Senior Member
TheMalamute said:
What is the name of your state?Florida - I am thinking about using a freindly lien to protect some equity in a property I own. I was going to issue a mortgage trust deed for the amount of the equity I want to protect and have it held by corporation I own.

The thing is that Flroida has a mortgage tax and as a result I would prefer not to have the mortgage filed with the county clerk. Will my mortgate still be valid if it is not filed with the clerk? Thank you so much!
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**A: hire a friendly attorney.
 
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