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 Format In Washington
State:
Multi-State
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
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FAQ
A deed will be issued within 30 to 60 days of the date of sale. Deeds are forwarded to the County Auditor's Office for recording and mailed to the address provided on the bidder registration. Tax deeds and Treasurer's deeds provide the purchaser no guarantees.
Every deed shall be in writing, signed by the party bound thereby, and acknowledged by the party before some person authorized by this act to take acknowledgments of deeds.
Recording a Deed Any Deed (that is, the document evidencing the transfer of real property) is required to be recorded in the County Auditor's Office of the county in which the real property is located.
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.
To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.
Disadvantages of a Trust Deed For borrowers, if financial circumstances change, default on repayment can result in property foreclosure.
The trustee must register the trust by filing with the clerk of the court in any county where venue lies for the trust under RCW 11.96A.
If you cannot find the certified trust deed consider making enquiries with: Any other current and former trustees and directors; Beneficiaries of the trust; Any professional service providers who may have a copy or have used the deed at some point.