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.
Mortgage Vs. Trust Deed. The difference between a mortgage and deed of trust (aka âtrust deed) is subtle. Both are used in bank and private loans, create liens on real estate, and are considered, by law, evidence of a debt as they are generally recorded in the county in which the property is located.