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 With Promissory Note In Palm Beach
State:
Multi-State
County:
Palm Beach
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In response to a change in Florida law, the following is required when recording deeds: Government-issued photo identification of grantees and grantors. Mailing addresses noted below each witness name or signature on the document.
For more information on receiving copies of your public records, please contact the Records Service Center at (561) 355-2932.
Example: When used in a real estate transaction, the promissory note covers the promise to repay the amount owed, interest, and maturity date — while the deed of trust or mortgage outlines the other responsibilities of the parties involved more precisely.
Disadvantages of a Trust Deed For borrowers, if financial circumstances change, default on repayment can result in property foreclosure.
The good news is that if you lost a deed in Florida, it was probably just a copy. That's because in Florida, all original deeds are kept with the registrar of the county in which the property is located.
Most documents can be processed using eRecording. The most commonly eRecorded documents are deeds, mortgages, assignment of mortgages and satisfaction of mortgages. However, certain document types cannot be eRecorded.
Erecording, or electronic document recording, is the process of transmitting real property documents electronically to the local government entity charged with recording and maintaining public records.
Recording a Deed Must present a photocopy of a government issued photo identification for each grantor(s) and grantee(s) listed on the deed. "Prepared by" statement (name and address of the "natural" person preparing the Deed) Grantor(s) (Sellers-Party Giving Title) names legibly printed in the body of the deed.
Same Day Recording Main Courthouse. Recording Department. 205 N. Dixie Highway, Room 4.2500. West Palm Beach, FL 33401. South County Courthouse. 200 W. Atlantic Ave. Delray Beach. North County Courthouse. 3188 PGA Blvd. Palm Beach Gardens. West County Courthouse. 2950 State Road 15, Room S-100. Belle Glade.
When a deed of trust is used as a security instrument, who holds the deed and the note? The trustee holds the deed, and the lender holds the note.