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You can look up the deed to the property in the county chancery clerk's office or contact the Public Lands Division of the Secretary of State's Office.
Generally, the trustee must be an attorney, title insurance company, trust company, bank, savings and loan, credit union, or other company specifically authorized by law to serve as a trustee. Other states have no limitations.
A deed of trust must be: (1) in writing, (2) contain a description of the property being used to secure the loan, and (3) be signed by the trustor or the borrower. Under the Statute of Frauds, a transfer of an interest in real property must be memorialized in writing.
A trust deed ?also known as a deed of trust?is a document sometimes used in real estate transactions in the U.S. It is a document that comes into play when one party has taken out a loan from another party to purchase a property.
A deed of trust has a borrower, lender and a ?trustee.? The trustee is a neutral third party that holds the title to a property until the loan is completely paid off by the borrower.
There are three parties, all of which have to be legal entities **, in a Deed of Trust drawn up ing to California's laws: The ?Trustor? is the person who borrowed the money (the Payor of the Note) The ?Beneficiary? is the person who is lending the money (the Payee of the Note)
A Deed of Trust is essentially an agreement between a lender and a borrower to give the property to a neutral third party who will serve as a trustee. The trustee holds the property until the borrower pays off the debt.
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...