deed of trust with assignment of rents?
we loaned a woman 20000 last year with it secured on a house rented out to clients for a nonprofit organization.(good cause) She defaulted in nov on the note and last month quit paying the agreed interest. our understanding is she now has not been paying the mortgage payments (although collecting rent from clients) and is coming up on her third late. If the bank files a notice of default does our deed of trust still get paid?What if we file a notice of default before the bank? Can we do this without a foreclosure service or attorney? What exactly is our rights with this particular form?