Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Blank Deed Of Trust Form In Salt Lake
State:
Multi-State
County:
Salt Lake
Control #:
US-00181
Format:
Word;
Rich Text
Instant download
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FAQ
You transfer your home to the trust by signing a deed that names the trust as the new owner of the property. The deed then needs to be recorded with the local county recorder's office. Once recorded, the trust is now "on title" as the legal owner of the property.
Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.
This Deed of Trust (the “Trust Deed”) sets out the terms and conditions upon which: Settlor Name (the “Settlor”), of Settlor Address, settles that property set out in Schedule A (the “Property”) upon Trustee Name (the “Trustee”), being a Company duly registered under the laws of state with registered number ...
If the title stays with the borrower this is the definition of Lien Theory and results in a non-judicial foreclosure with the Power of Sale being entrusted to a Trustee and not the lender. In a Judicial/Mortgage foreclosure, the Title is held by the lender. Utah is known as a Trust Deed and Promissory Note state.
A deed of trust will include the same type of information stated in a mortgage document, such as: The identities of the borrower, lender, and trustee. A full description of the property to be placed in trust. Any restrictions or requirements on the use of the property while it is in trust.
A property deed is usually one or two pages long, and the contents depend on what type of deed it is (more on that below), as well as the property type and location.
The Long Form, which could be 20-30 pages long, is the one used by institutional lenders.
The revocable living trusts prepared by Woods Law Group average about 90 pages for a married couple and about 75 pages for an individual. That's a lot of legal information to digest. To ease the understanding of the trust, we prepare a detailed summary of the trust.
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Salt Lake County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements.Salt Lake County Trustee Deed Form. Use our Utah quitclaim deed to release ownership rights over any real property. Download a free template here. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Most office supply stores carry blank deed forms. The Recorder's office does not have forms of any kind and cannot make or fill out documents for you. Instead, the decedent's successor fills out the form, signs it before a notary, and gives it to any third parties, such as the bank. The trustee is generally the party that prepares the trust deeds, promissory notes, and other documentation involved in a real estate transaction.