Kiritsis & Associates
By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
A way to secure a debt by deeding the property through a voluntary lien to Trustees; upon a default event on the note, the trustees can foreclose or publicly auction the property. This means that in some jurisdictions, a deed of trust could be a viable alternative to mortgages; this may be especially true in a market environment, where traditional lending conditions are less than ideal. It is important to understand that a property cannot be directly transferred through a deed of trust. A deed of trust was often referred as a trust deed. The rise of securitization practices with their accompanying need for uniformity, have led to the usage of the term trust deed to fall out of favor, in order to avoid confusion. In theory, a deed of trust is usually a different type of a legal instrument than a mortgage. However, in practice a deed of trust, is often referred to as a mortgage, due to their similar functional qualities. To avoid raising a red flag, that could trigger an IRS audit, special care should be made in preparing the tax forms, and it is strongly recommended that the parties involved synchronized tax filings.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law Firm Group can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.