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 In Trust Vs Deed Of Trust In Travis
State:
Multi-State
County:
Travis
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Is California a Mortgage State or a Deed of Trust State? California is a Deed of Trust state.
The County Clerk serves as the Clerk of the Court for the Civil County Courts at Law. The Clerk's responsibilities include receiving the filings for civil cases, preparing notices and citations, and maintaining records associated with the cases filed before these courts.
Commonly, both terms are used to mean the same type of legal document. A deed of trust is a legally binding document that contains a declaration of trust, but which also contains other statements (technically called 'trusts') that describe how the assets in trust should be dealt with.
The County Clerk as Recorder of Deeds/Official Public Records: Texas Government Code, Local Government Code, Property Code, Uniform Commercial Code, Civil Practice and Remedies Code, Business and Commercial Code.
Real Property documents may be filed and recorded with the Travis County Clerk's Office in person or by mail. The original documents with original signatures are required for the recording. The County Clerk's Office will not record a copy. Recordings are completed immediately once received in the County Clerk's Office.
In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed. In Texas, the property is legally transferred when the grantee accepts the signed deed.
You can file your mechanics liens with the Travis County Clerk's Recording Division by postal mail, by courier, or in person. The County Clerk also accepts electronic filings of documents from an authorized eRecording submitter.
Some of the most common reasons trusts are invalid include: Legal formalities were not followed when executing the trust instrument. The trust was created or modified through forgery or another type of fraud. The trust maker was not mentally competent when they created or modified the trust.
The settlor decides how the assets in a trust should be used – this is usually set out in a document called the 'trust deed'. Sometimes the settlor can also benefit from the assets in a trust – this is called a 'settlor-interested' trust and has special tax rules.