Deed Of Trust Records With Soap And Water In Pennsylvania

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

Description

The Deed of Trust Modification Agreement in Pennsylvania is a legal instrument used to modify existing mortgage terms or adjust the conditions of a deed of trust. This form entails the names of the Borrower, Co-grantor, and Lender, detailing the specifics of the underlying debt and the property involved. Users must fill out critical information, such as the modification date, loan amount, property address, and payment terms clearly. Each user must ensure accurate completion and identification of all interested parties to prevent legal disputes. Key features include renewal and extension of lien, co-grantor liability, payment terms, and provisions concerning late charges and defaults. This form is extensively utilized by attorneys, paralegals, and legal assistants as they navigate property transactions, assist clients in refinancing, or adjust loan conditions. It's especially valuable for maintaining clarity on obligations and securing rights under the modified agreement. Overall, this document serves as a critical tool for legal professionals involved in real estate transactions in Pennsylvania.
Free preview
  • 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

Form popularity

FAQ

To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own.

A real estate lawyer assists in preparing the new deed, ensuring it's signed before a notary public, recording it with the county's Recorder of Deeds office, paying any applicable fees, and obtaining a copy of the recorded deed.

May I make out my own deed? Yes you may, however, we always recommend consulting an attorney regarding property transfers and changes, because minor changes in the wording of the document can completely change the legal meaning of the document.

The seller's attorney will give the original deed to the buyer's attorney at closing. That original then gets recorded at the clerk's office of the local municipality. The clerk's office scans and records the document into the land records and then sends it to the buyer or their attorney.

Pre-Registration of Deeds was rescinded as of December 9, 2008; however, some boroughs and townships still require registration of deeds after recording. It is the submitter's responsibility to take the deed to the municipality to be registered after it is returned to them from the Recorder of Deeds Office.

Yes. But it is usually a good idea to have someone with certain expertise in the field such as an attorney or title company prepare it for you to make sure it's correct.

The deed must meet the format and content requirements in Pennsylvania law. It should specify the grantor, grantee, and property details. The property description must be legally sufficient - a real estate lawyer in Philadelphia can research the prior deeds and draft an accurate description.

Yes, you can make your own Grant Deed. A lawyer is not required to prepare a valid and enforceable deed.

There are state-mandated requirements for how a deed is to be presented. This includes the format, specific locational information, and notary acknowledgments. The Recorder of Deeds will also collect any transfer taxes.

1) Competent grantor. 2) Execution by the grantor(s) 3) Identifiable grantee. 4) Delivery to and acceptance by the grantee(s) 5) Legal description of the land (property description) 6) Consideration. 7) Words of conveyance (granting clause)

Trusted and secure by over 3 million people of the world’s leading companies

Deed Of Trust Records With Soap And Water In Pennsylvania