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.
Change Deed Trust With Debt In Pennsylvania
State:
Multi-State
Control #:
US-00183
Format:
Word;
Rich Text
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FAQ
The Promissory Note is evidence of a promise by the borrower/debtor to repay the mortgagee/chargee/lender at some future time on certain terms.
--A noncharitable irrevocable trust may be modified upon the consent of all the beneficiaries only if the court concludes that the modification is not inconsistent with a material purpose of the trust.
A trust deed gives the third-party “trustee” (usually a title company or real estate broker) legal ownership of the property.
The evidence of a debt that is recorded after a first trust deed is a(n): promissory note.
The only transfers that are to be made to a Revocable Living Trust are assets, not liabilities. Debt that has been incurred by the family is not transferred to the Trust; however, the provisions are included in your trust to permit the transfer of certain assets with the debt attached.
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...
A Deed to Trust form used to transfer the grantor's title and interest in real property in Pennsylvania to a trustee of a trust for the grantor's benefit. This standard document allows the drafter to choose between warranty and quitclaim deed language.