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 Modification With Wells Fargo In Riverside
State:
Multi-State
County:
Riverside
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
Opening a Trust Account Although each banks requirements differ, most require the trust agreement, or document that sets up the trust and appoints the trustee, as well as two pieces of personal identification. Bring the required documentation to the bank and fill out any forms the bank might require.
Have these 3 required items on hand: A legally established trust with your attorney. A completed trust account application, including personal information of the trustees, the type of trust, the date of the trust, and the trust's tax identification number. Supporting legal trust documents (as detailed below).
Conclusion. Opening a bank account in the name of a trust is a crucial step in administering and managing the trust's assets.
Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed. Trust Services are available through Wells Fargo Bank, N.A. Member FDIC and Wells Fargo Delaware Trust Company, N.A.
Power of Attorney - you may either sign a Wells Fargo Power of Attorney form (which applies only to Wells Fargo accounts you designate) or present a banker with prepared Power of Attorney papers. Certificate of trustee.
Contacting Wells Fargo customer service or visiting a local branch: Inform Wells Fargo of your intention to transfer your checking account into the trust. You can do this by calling their customer service or visiting a local branch. The Wells Fargo customer service number is 1-800-869-3557.
Because of a glitch in Wells Fargo's software program, hundreds of people were unable to modify their home loans, leaving many stuck in the financial situation that caused them to apply for the modification in the first place.
Wells Fargo has recently started sending settlement checks to home mortgage accountholders affected by errors in foreclosure proceedings and mortgage modifications. In some cases, these mistakes have had devastating consequences, with homeowners losing their properties and suffering significant credit damage.
Trust Services are available through Wells Fargo Bank, N.A. Member FDIC and Wells Fargo Delaware Trust Company, N.A. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice in your state.