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 Form For Mortgage In Suffolk
State:
Multi-State
County:
Suffolk
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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Recording Fees Document TypeFee Declaration of Homestead $35 Declaration of Trust $255 Deed, Unit Deed, or Easement $155 Mortgage $2059 more rows
Whatever the reason, you will need to retain an attorney, experienced in real estate, to draft a new deed conveying your home to yourself and the person you wish to add to your title. In addition to the deed, your attorney will also need to prepare transfer tax returns.
Recording Fees Document TypeFee Declaration of Homestead $35 Declaration of Trust $255 Deed, Unit Deed, or Easement $155 Mortgage $2059 more rows
Suffolk County Recording and Endorsement page (cover sheet) print on legal size 8 ½ x 14 inch paper. RP-5217 NYS Real Property Transfer Report is required on all deeds dated November 1, 1980 and later. Must complete the fill-in PDF form online, must be printed on legal size paper (8 ½ x 14) and signed.
County transfer taxes The Suffolk County transfer tax rate is $2.00 for every $500.
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...
Transfer Tax is due on all conveyances with consideration greater than $500.00. The amount of tax is computed at $2.00 per $500.00, or any fraction thereof. (Example: $750.00; Consideration = $4.00 tax.) Mansion Tax is due on all residential conveyances where the consideration is $1,000,000.00 or greater.
Mortgage trusts, also commonly known as mortgage funds, are an investment vehicle that provides loans to commercial borrowers to finance land subdivision, property development or construction. These loans are generally secured by mortgages over property as the primary security.