Deeds Of Trust For Sale In Wake

State:
Multi-State
County:
Wake
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Trust Modification Agreement is a legal document designed to modify an existing mortgage or deed of trust to reflect changes between the parties involved. This agreement outlines the roles of the Borrower, Co-grantor, and Lender in relation to the secured debt, detailing elements such as the renewal of the lien, payment terms, and conditions for default. Key features include provisions for interest rates, monthly payments, and late charges, as well as the ability for co-grantors to participate without being personally liable for the debt. Filling and editing this form requires careful attention to the details of the original mortgage, including dates and payment amounts. Attorneys, partners, and legal assistants will find this form useful for managing real estate transactions and ensuring compliance with financial obligations. Paralegals and associates can use the template for organized filing and to help clients understand their rights and responsibilities under the modified terms, reinforcing the importance of clear communication in legal documentation.
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  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.

Once the deed is signed, notarized, and properly drafted, the attorney should record the deed in every registry in which the property sits. If a property is in both Johnston and Wilson Counties for example, the attorney should record two deeds.

A power of sale clause in a trust deed allows the trustee to sell investments in a trust upon default by Borrower.

Recording and Document Fees Document TypeFee Details Deeds of Trust and Mortgages $64 first 35 pages $4 each additional page Amendment to Deed of Trust $26 first 15 pages $4 each additional page All other Documents / Instruments / Assumed Name (DBA) $26 first 15 pages $4 each additional page3 more rows

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.

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 ...

Yes, you can sell a home with a Deed of Trust. However, just like a mortgage, if you're selling the home for less than you owe on it, you'll need approval from the lender.

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 ...

To look at a deed you can: Go to your Register of Deeds Office and look at the document there.

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Deeds Of Trust For Sale In Wake