This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Deed Of Trust Records For A Business In Hennepin
State:
Multi-State
County:
Hennepin
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The essential elements of a deed include an accurate description of the property, the granting party (grantor), the receiving party (grantee), an act of conveyance, and the signature of the grantor. A deed may also contain additional clauses, such as a habendum clause, which defines the property interest being granted.
In Minnesota there are two systems of public real estate records, Abstract and Torrens. Abstract – System of recording evidence of real estate title.
A general warranty deed is used to transfer an interest in real estate in Minnesota in most real estate transactions. A Minnesota warranty deed conveys real property with warranty covenants to the buyer. It requires an acknowledgement of the grantor's signature.
A trust deed gives the third-party “trustee” (usually a title company or real estate broker) legal ownership of the property.
In order to be recordable, a Minnesota deed must contain the name and address of the grantee(s) who are to receive the real property tax statement – unless the deed was executed or acknowledged outside of the State of Minnesota.
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.
The deed, when recorded, became a permanent part of the County property records. If you should lose your original deed, you may obtain a certified copy of your deed from the County Recorder in which the land is located. A county certified copy can be used in the place of the original.
You can search for property records and property ownership information online, in person, or over the phone with a 311 representative. Property owners of all boroughs except Staten Island can visit ACRIS. To search documents for Staten Island property, visit the Richmond County Clerk's website.