[quote=ucodegen]
So far, I have found nothing that makes them able to foreclose,[/quote]

According to Eugene, they have a right to foreclose based on the fact that the loan will mature on 9/3/2011.

[quote=Eugene]
However, if the loan matures on 9/3/2011, it’s irrelevant whether it’s callable or not. You have to pay up unless you can negotiate a refinancing, or you can bear the consequences of defaulting.

The difference between the original promissory note and the deed of trust is that the deed of trust makes the loan secured by the property. So now your in-laws have the right to foreclose on the condo. [/quote]