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 Records With Soap And Water In Santa Clara
State:
Multi-State
County:
Santa Clara
Control #:
US-00183
Format:
Word;
Rich Text
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FAQ
In California, there are several ways to record real estate documents: In-person submission. Under this option, a person or his messenger service may visit the county recorder's office to submit the recording over the counter. Mail-in recording. Use of a title company or attorney courier service.
A substitution may be accomplished, with respect to multiple deeds of trust that are recorded in the same county in which the substitution is being recorded and that all have the same trustee and beneficiary or beneficiaries, by recording a single document, complying with the requirements of this section, substituting ...
Substitute Trustee means a person appointed by the current mortgagee or mortgage servicer under the terms of the security instrument to exercise the power of sale.
Record the Signed Documents at the County Recorder's Office Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. In Sacramento, this is at 3636 American River Drive, Ste. 110, Sacramento CA 95864.
Facilities for researching official records and maps are available at the Santa Clara County Clerk-Recorder's office main office. Note that document contents may only be viewed at the main office, not on-line.
The borrower is called the trustor, and the lender is called the beneficiary. But there's a third party, called the trustee, that actually holds the deed of trust.
A trust deed gives the third-party “trustee” (usually a title company or real estate broker) legal ownership of the property.
You'll find most California property deeds at the County Clerk's office, also called the Registrar/Recorder office. Some of them provide online searches. Others require visiting their offices. For example, the San Diego County Clerk's Office provides online searches.
The evidence of a debt that is recorded after a first trust deed is a(n): promissory note.
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.