Many notes and deeds of trust
contain uncertain or vague insurance requirements.
To date, Utah-based Silverleaf Financial, a distressed real estate company focused on purchasing first position Deeds of Trust
secured by income-producing commercial real estate, has purchased more than 100 performing and non-performing loans, totaling over $400 million in face value.
Forbearance on First and Second Deeds of Trust
Mortgages and deeds of trust
still get recorded in the land records.
The loans are evidenced by six promissory notes and secured by one or more mortgages, deeds of trust
, or other security instruments creating a first lien on the borrower's fee simple or leasehold estate in one or more properties.
The collateral that is secured by these Deeds include, but is not limited to: State land leases, water rights, unpatented mining claims, patented mining claims and other collateral as described in the Deeds of Trust
The debt portion consists of the rated notes, secured by first lien deeds of trust
on 32 multifamily properties.
The redemptions, with an aggregate principal amount of $231,695 million, will occur in mid-August 1993 in accordance with the company's various mortgages and deeds of trust