What is a Privately Held Mortgage or Trust Deed

Anybody who owns a house or a commercial property is familiar with mortgages. Nearly all real estate transactions are handled with financing. Rarely are real estate purchases paid for entirely up front. Generally the purchaser makes a down payment to a financial institution and the institution finances the balance with the property owner. This common way of managing real estate investment is certainly the most popular and familiar method. However there are alternative ways of receiving the financing you need to buy a property....