Deed Of Trust Records With Alcohol In North Carolina

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

Description

The Deed of Trust Modification Agreement is a crucial legal document in North Carolina, particularly relevant for situations involving financing where alcohol-related establishments are included. This form allows for the modification of an existing deed of trust to secure the debt of a borrower, adapting to changing financial circumstances. Key features include provisions for renewing and extending liens, amending security instruments, and outlining borrower obligations and rights concerning repayment. Attorneys and legal professionals can use this form to assist clients in restructuring debt, ensuring compliance with applicable laws, and managing liabilities effectively. The document provides clear filling and editing instructions, including specific sections for inserting borrower details, loan terms, and conditions impacting the property. Additionally, it delineates use cases such as securing loans for alcohol-related businesses, handling co-grantor responsibilities, and defining payment terms. For users like attorneys, paralegals, and legal assistants, this form serves as a reliable tool to navigate complex real estate transactions while safeguarding the interests of lenders and borrowers alike.
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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

How can I do that? Deeds are filed with the county Register of Deeds office. To look at a deed you can: Go to your Register of Deeds Office and look at the document there.

To summarize, title is the legal concept of ownership over property. A deed is the actual document that transfers ownership rights from one party to another party. While this may seem like a subtle and highly technical difference, it is also very important.

Is North Carolina a Mortgage State or a Deed of Trust State? North Carolina is a Deed of Trust state.

Office this office keeps public records of real estate transactions. You can visit the countyMoreOffice this office keeps public records of real estate transactions. You can visit the county recorder's office in person provide the property address and the owner's name to request the document.

To look at a deed you can: Go to your Register of Deeds Office and look at the document there.

(3) For the foreclosure of a mortgage, or deed in trust for creditors with a power of sale, of real property, where the mortgagor or grantor has been in possession of the property, within ten years after the forfeiture of the mortgage, or after the power of sale became absolute, or within ten years after the last ...

Before a deed or deed of trust prepared in North Carolina may be recorded, it must reflect the name of the draftsman on the first page. The first page should contain a "Return to" name and address along with a self addressed stamped envelope. Deeds must contain the grantees mailing address for the Tax department.

No deed or other writing purporting to convey land or an interest in land shall be declared void for vagueness in the description of the thing intended to be granted by reason of the use of the word "adjoining" instead of the words "bounded by," or for the reason that the boundaries given do not go entirely around the ...

Yes, you can sell a home with a Deed of Trust. However, just like a mortgage, if you're selling the home for less than you owe on it, you'll need approval from the lender.

"A deed seeking to convey an interest in land "is void unless it contains a description of the land sufficient to identify it or refers to something extrinsic by which land may be identified with certainty." Overton v. Boyce, 289 N.C. 291, 293, 221 S.E.2d 347, 348 (1976).

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Deed Of Trust Records With Alcohol In North Carolina