Deeds Of Trust In English In Alameda

State:
Multi-State
County:
Alameda
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Trust Modification Agreement in Alameda serves as a legal instrument that modifies existing mortgage or deed of trust arrangements between a borrower, co-grantor, and lender. It effectively updates loan terms, reinforces the lien on the property, and outlines the borrower's obligation for repayment with specified payment terms. Key features include renewal of the lien, amendment of the security provisions, and detailed borrower responsibilities for principal and interest payments. It also includes provisions for defaults and rights of notices, ensuring that parties are informed of any changes or obligations. The form is particularly useful for attorneys and legal professionals working with real estate transactions as it facilitates adjustments to mortgage agreements in a clear manner. Paralegals and legal assistants can benefit from understanding this form to streamline documentation processes and ensure compliance with local laws. It is relevant for property owners seeking loan modifications due to financial circumstances, offering flexible repayment and prepayment options without penalties. This agreement is vital for maintaining secured interests and ensuring legal rights are protected within real estate dealings.
Free preview
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

Form popularity

FAQ

Record the Signed Documents at the County Recorder's Office Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. In Sacramento, this is at 3636 American River Drive, Ste. 110, Sacramento CA 95864.

Disadvantages of a Trust Deed For borrowers, if financial circumstances change, default on repayment can result in property foreclosure.

For a deed to be legal, it must state the name of the buyer and the seller, describe the property being transferred, and include the signature of the party transferring the property. In addition to being either official or private, deeds are classified as general warranty, special warranty, or quitclaim.

Record the Signed Documents at the County Recorder's Office Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. In Sacramento, this is at 3636 American River Drive, Ste. 110, Sacramento CA 95864.

In California, there are several ways to record real estate documents: In-person submission. Under this option, a person or his messenger service may visit the county recorder's office to submit the recording over the counter. Mail-in recording. Use of a title company or attorney courier service.

If you need a copy of the current deed, contact or visit the Alameda County Recorder's Office. Copies of deeds are not available off the internet. There is an online name index. Copies of the document itself must be obtained from the Recorder's Office Public Records Room.

The borrower is called the trustor, and the lender is called the beneficiary. But there's a third party, called the trustee, that actually holds the deed of trust.

It must: Be in writing. Have an amount which matches the amount on the Note(s) Have a date which matches the date on the Note(s) Have a complete legal description of the property(s) being encumbered (street address only is not sufficient)

Trusted and secure by over 3 million people of the world’s leading companies

Deeds Of Trust In English In Alameda