Deed Of Trust Records With No Maturity Date In Collin

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

Description

The Deed of Trust Modification Agreement is a legal document used to modify an existing security instrument securing a debt. Specifically, this form is tailored for situations where there is no maturity date specified, thus allowing the lien to remain in effect until the debt is paid in full. Key features include the renewal and extension of the lien, acknowledgment of the property securing the debt, co-grantor liabilities, and clear payment terms which outline the borrower's obligations regarding principal and interest. To fill out this form, users must complete sections regarding borrower information, loan details, and payment schedules while ensuring compliance with applicable laws. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate modifications of trust deeds, ensuring that they protect the interests of both lenders and borrowers while adhering to legal requirements. This form is particularly useful in cases of refinancing or structuring loan terms in response to changing financial situations, streamlining the legal process involved in trust deed management.
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  • 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

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FAQ

Effectively, that meant that any Trust created in Texas could not be valid for more than about 100 years. However, with the passage of a new law in 2021, Trusts can now last up to 300 years after the last beneficiary dies.

TEX. CIVIL PRACTICE & REMEDIES CODE §16.035: Deed of Trust lien becomes barred 4 years after the original or extended maturity date of the secured obligation.

You will usually be discharged after four years, but some trust deeds can last for longer. This information will be included in the terms of the trust deed.

A Deed of Trust in Texas transfers title of real property in trust. It is the equivalent to a mortgage used in other states and provides a secured interest for a lender against real estate.

A Deed of Trust in Texas transfers title of real property in trust. It is the equivalent to a mortgage used in other states and provides a secured interest for a lender against real estate.

Deed of Trust Liens: Non-Federal Beneficiary/Payee CIVIL PRACTICE & REMEDIES CODE §16.035: Deed of Trust lien becomes barred 4 years after the original or extended maturity date of the secured obligation.

The title transfer process in Collin County involves changing the ownership of a property. It requires gathering necessary documents, such as the current title and proof of identity, completing specific forms, and filing them with the County Clerk's office, along with any applicable fees.

Self-filing the deed without an attorney is the most economical option for transferring real property title. However, it requires careful attention to detail. The Register's Office won't provide assistance or highlight mistakes in the paperwork.

Court Records: Please contact the clerks of the courts (District, County Courts at Law, Justice Courts) for any and all court records (divorce records, criminal cases, Probate, traffic tickets, lawsuits of any kind.) You can also verify a case number and case status online here to make it easier.

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Deed Of Trust Records With No Maturity Date In Collin