Deed Of Trust Modification With Mortgage In Contra Costa

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

Description

The Deed of Trust Modification Agreement is a legal document designed to modify an existing mortgage or deed of trust in Contra Costa. This agreement is crucial for borrowers seeking to manage or restructure their debt obligations, as it outlines the terms for renewing and extending the lien on property. Key features include the acknowledgment of the existing mortgage, the terms of payment including interest rates, and provisions for late charges and defaults. It ensures that both borrower and lender have clear expectations moving forward, protecting the lender’s rights while giving borrowers flexibility in managing their payments. The form includes sections for co-grantor signatures, detailing their liabilities, which is important for parties who may not be directly responsible for the debt. The modification agreement requires careful filling of specific sections, such as the principal amount and payment timelines. It is particularly useful for attorneys, paralegals, and legal assistants involved in real estate transactions, as it facilitates communication between parties and aids in compliance with legal requirements in managing trust deeds. Overall, this document serves as a vital tool in the lending process, ensuring clear agreements and protection for all parties involved.
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

Documents are recorded within two (2) business days of receipt of the document. The average turnaround time for a document submitted for recording is 30 days. Documents recorded electronically through an agent will not be returned from our office.

How to fill out the Grant Deed Form Instructions for California? Enter the names of the grantor(s) and grantee(s). Fill in the property details including APN and address. Complete the documentary transfer tax section carefully. Sign the document in front of a notary public.

When the debt or obligation secured by a deed of trust has been satisfied, the beneficiary, or successor, must execute a request for full reconveyance and any other documents necessary to cause the deed of trust to be reconveyed and submit these documents to the trustee.

The Grant Deed (also purchasable at most office supply or stationery stores) is completed and signed by the grantor, whose signature must be notarized.

Simply put, Grant Deeds ensure that the true owner of a certain property or title has the legal right to convey their interest in the property, while a Quitclaim Deed does not have any such warranties or assurances. Quitclaim Deeds are commonly used in real property transactions involving family members or trusts.

A deed and title similarly refer to the ownership of a property, but title refers to your ownership of a property, a deed is the physical document used to prove and transfer that ownership.

How do I get a grant deed in California? In California, grant deeds are filed at the county assessor's office with a Preliminary Change of Ownership Request, applicable fees and a Tax Affidavit. All must be notarized for legal transfer and recording.

Mortgage or Deed of Trust? StateMortgage StateDeed of Trust State Alaska ❌ ✅ Arizona ✅ ✅ Arkansas ✅ ✅ California ❌ ✅47 more rows •

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

Deed Of Trust Modification With Mortgage In Contra Costa