Deeds Of Trust In Va 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 used in Contra Costa, Virginia, that allows borrowers to modify existing mortgage or deed of trust agreements. This form facilitates the renewal and extension of the lien securing a debt, typically when borrowers need to adjust terms due to changes in financial circumstances. Key features include clear provisions for loan payment terms, amendments to the security instrument, and co-grantor liability. Users must fill in specific details such as the borrower, co-grantor, lender names, property description, and financial terms like interest rates and payment schedules. For effective use, attorneys and paralegals may assist clients in completing the form accurately to ensure compliance with local laws. Additionally, this document is pertinent for partners and owners engaged in property finance, as it safeguards interests when debts are modified. Legal assistants can help organize and file this document, making it essential for all parties involved in real estate transactions in Contra Costa.
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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.
A Grant Deed is an instrument that reflects a change in ownership of real property. A Deed of Trust is an instrument that secures a debt to real property.
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.
