But after Mr. Phillips took on the starring role in ''La Bamba,'' the new film biography of Valens, the Valenzuela family paid him the highest compliment of all. ''They all called me Ritchie,'' said Mr. Phillips. ''Ritchie's brother Mario hasn't called me Lou yet.'' Similar Outlooks.
The best structure depends on who you are. From a buyer's perspective, the trust deed is preferable, as he gets ownership of the property. It also helps to insulate him from the seller. On the other hand, a land contract gives the seller more control since she retains ownership of the deed.
Trust Deed. A trust deed does not transfer title to real estate, but instead grants a lender a lien on the property, which is identified in the trust deed. Th lender gives you money to purchase or improve your property, and in exchange, you promise to pay the lender back.