Los Angeles Lawyer - A client buys a home for $350,000, with $250,000 of this amount derived from a bank loan secured by a deed of trust executed by the client. The remaining $100,000 of the purchase price is in the form of the client's unsecured note made payable to the seller. At the time of the purchase, the client was a lessee under a one-year lease with an option to purchase, which he exercised.