Deed Of Trust Records With Soap And Water In Philadelphia

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

Description

The Deed of Trust Modification Agreement is a legal instrument used to modify existing mortgage or deed of trust records specifically in Philadelphia. It outlines the terms under which the lien on the property is renewed and extended to secure the debt, acknowledging the validity of the original lien. Key features include provisions for the modification date, interest rates, monthly payment schedules, and terms for late charges and defaults. It provides clear instructions for filling in details such as borrower information, property descriptions, and payment terms. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it allows them to effectively secure modifications to existing loans, ensuring legal compliance while protecting the interests of lenders and borrowers alike. Users can navigate through sections carefully to ensure all configurations are accurate, including those regarding co-grantor liabilities and rights of transferees. The language is crafted to be straightforward, ensuring users with limited legal background can comprehend the terms and conditions without difficulty, thus enhancing the legal document process.
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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

No. A deed is binding even if it is not recorded. However, for numerous reasons, it is in your best interest to record it. One good reason: the former owner can go on getting mortgages, judgments and suits on your property, since records in the Office would show that he/she still owns it.

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.

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. We also recommend that you get title insurance.

When closing on a home, you should receive a copy of your house deed when the title is transferred to you. You can also request an additional copy at any time through your County Recorder's office or Register of Deeds office (the official name may vary by location).

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.

A safe you can bolt down or attach to a solid wall is a great place to keep house deeds. This way, the safe cannot leave your house in case of a burglary. Just make sure it is properly installed.

The deed, when recorded, became a permanent part of the County property records. If you should lose your original deed, you may obtain a certified copy of your deed from the County Recorder in which the land is located. A county certified copy can be used in the place of the original.

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.

Is Michigan a Mortgage State or a Deed of Trust State? Michigan is a Mortgage state and Deed of Trust state.

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Deed Of Trust Records With Soap And Water In Philadelphia