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.
Form 17 Deed Of Trust Example In Santa Clara
State:
Multi-State
County:
Santa Clara
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In California, a deed of trust must come with security, typically a promissory note. To be valid, a deed of trust must be (1) in writing, (2) with a description of the property, and (3) signed by the trustor of the deed of trust.
This Deed of Trust (the “Trust Deed”) sets out the terms and conditions upon which: Settlor Name (the “Settlor”), of Settlor Address, settles that property set out in Schedule A (the “Property”) upon Trustee Name (the “Trustee”), being a Company duly registered under the laws of state with registered number ...
Here is the rough outline: Select the trust that is best suited to your needs, such as a revocable living trust. Draft a trust deed and have it notarized so that it is legally binding. Record the deed at the county recorder's office. Notify the relevant parties, such as your mortgage lender and insurance provider.
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.
A quitclaim bill of sale also presents some downsides. Because the bill of sale makes no guarantees at all, a buyer may find themselves owning property that is tied up with liens, or even property the seller didn't actually own at all.
Step 1: Obtain the Deed. Step 2: Visit the County Recorder or Clerk. Step 3: Identify the Legal Description of the Property. Step 4: Consider Legal Assistance. Step 5: Complete the Quitclaim Form. Step 6: Sign in Front of a Notary. Step 7: File a Preliminary Change of Ownership Report (PCOR) ... Step 8: File the Forms.
Step-by-Step Instructions Determine the Parties to The Agreement. There will be three parties to these agreements. Prepare the Deed of Trust and Promissory Note. Get the Signatures Notarized. Record the Signed Documents at the County Recorder's Office. What Happens Next?
Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.
A deed of trust will include the same type of information stated in a mortgage document, such as: The identities of the borrower, lender, and trustee. A full description of the property to be placed in trust. Any restrictions or requirements on the use of the property while it is in trust.
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Fill out the preliminary change of ownership report to properly transfer your California real estate into your living trust. Stepbystep guide on how to transfer property to a living trust in California preparing deeds, recording with the county and more.THIS DEED OF TRUST AND SECURITY AGREEMENT ("Deed of Trust") is made this ____ day of MONTH, 20YY, among the trustor, BORROWER ("Borrower") and TITLE. Sample filled-in forms with instructions are available at the end of this Guide. 3. Prepare a "Trust Transfer Deed" and "Preliminary Change of Ownership Report" to transfer to revocable living trust check recorder's site. Santa Clara County Trustee Deed Form. Fill in the blank form formatted to comply with all recording and content requirements. Sign up and sign in. Create a free account, set a strong password, and go through email verification to start managing your forms. Once completed, note the SST number and come into our office to finish the process.