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 Houston
State:
Multi-State
City:
Houston
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
How do I get a copy of my deed? We have 11 locations within Harris County, or you may submit a request in writing by fax, mail or email. We need to know the owner name and legal description of the property. Please note that the legal description can be obtained from your tax statement.
The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.
Texas doesn't require you to record your trust. As long as it's signed, notarized, and properly funded, it's valid.
So, put simply, if your deed was not recorded or you have discovered unrecorded deeds in your chain of title, there is no need to worry. The deeds themselves will still be valid and you can file correction instruments to correct any mistakes.
You do not have to record the deed to make the transfer valid between the parties. However, as described above, the grantee will want to record the deed as soon as possible after receiving delivery.
Once a deed has been recorded by the County Clerk's Office, copies of the deed may be requested if the original deed has been misplaced. Plain copies can be found by using the Official Public Records Search and selecting "Land Records". A certified copy may be purchased through request either in person or by mail.
In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed. In Texas, the property is legally transferred when the grantee accepts the signed deed.
Trusts provide much more flexibility, control, and protection for both you and your beneficiaries. They allow you to avoid probate, protect your assets and better ensure your wishes are carried out exactly as you intend.
Disadvantages of a Trust Deed For borrowers, if financial circumstances change, default on repayment can result in property foreclosure.
A trust deed gives the third-party “trustee” (usually a title company or real estate broker) legal ownership of the property.