Legal Question in Real Estate Law in California
Post-breach interest on deed of trust
What is the post-breach interest on the nonpayment of a promissory note secured by a deed of trust, and what is your source for that rate.
2 Answers from Attorneys
Re: Post-breach interest on deed of trust
It's determined by the written contract. If it doesn't specify post-breach damages, then its the same interest rate, plus penalties, contained in the note.
Re: Post-breach interest on deed of trust
In practicing real estate law, having taught real estate law and financing, and participated in the financing of hundreds of real estate projects over the past 30 years I have never heard of what your asking. There is none. It doesn't exist, but you seem to know about it so must've been dealt with somewhere. I'm curious where has been dealt with. Why you think even exists and why you understand there is such a "rate"??? Possibly, and I am just going outside the box of deed of trust's and your particular deed of trust or the one that was mentioned has a interest rates at which is different if you fail to make payments than the one that exists if you kindly make payments. God only knows she's not telling me.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
