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 With No Maturity Date In Oakland
State:
Multi-State
County:
Oakland
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
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.
While that's a reasonable question, the fact is, trust documents generally avoid the court completely. As such, they are not matters of public record. This means that you likely will not be able to secure a copy of the trust from the Office of the County Clerk or the courthouse in the same way you would a will.
Credit rating – having a trust deed will affect your credit rating for 6 years from the date the trust deed begins.
A trust deed remains on your credit file for six years, a timescale that exceeds the term of most trust deeds which are generally completed in three or four years.
Under the Marketable Title Act, “the duration of a debt secured by a deed of trust is limited to 10 years after the final maturity date of the debt, if that date can be ascertained from the recorded evidence of indebtedness (i.e., the mortgage or deed of trust), or, if no maturity date is evident, to 60 years after the ...
When the Oakland County Clerk/Register of Deeds visits you can get copies of… Call 248-858-0561 or visit .oakgov/clerk for more info, including identification requirements and fees, which are the same as those in the main office.
If a deed of trust recorded in California does not contain a maturity date, then the lender has up to 60, and possibly even 64 years to foreclose non-judicially, but the longer the lender waits, the more likely it is that a borrower could successfully raise a defense of equitable estoppel or laches.
By using Oakland County Super Index you can obtain copies of any recorded document(s) which date back to January 1, 1964, with the exception of subdivision plat maps. Documents recorded with our office are scanned and microfilmed using the most modern methods to ensure safety and replacement at any time.
For real estate documents like deeds and mortgages, request them online, by mail, or in person at the clerk-recorder's office. To request a public record at the clerk-recorder's Office, one will need an instrument number, book and page number, or reel and image number.
Recording Legibly printed or typed in black ink, type size 10pt, white 20lb paper with a blank margin of 2 1/2" at the top of the first page and 1/2" on all other margins. Paper size must be 8 1/2" x 11" and not larger than 8 1/2" x 14." Signatures may be in black or blue ink. (MCLA 565.201 Sec 1)