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Agreement for Accord and Satisfaction of an Undisputed Hospital Claim

Satisfaction Agreement Form In Wake

Q: Which is better, a deed of trust or a mortgage?

If you have a deed of trust, you&#039;ll usually face a nonjudicial foreclosure meaning the trustee can just impose it. If you have a mortgage, your lender will need to seek a court judgment to seize the home.

Category:

Contracts - Accords and Satisfaction

State:

Multi-State

County:

Wake

Control #:

US-00436BG

Format:

Instant download

Description

The Satisfaction Agreement Form in Wake is a legal document that formalizes the settlement of an undisputed hospital claim between a creditor and a debtor. This form acknowledges an existing debt, states the agreement for a different method of payment, and outlines the terms for satisfaction of the debt. Key features include the acknowledgment of the debt, provisions for alternative payment arrangements, and the process for cancellation of the debt upon payment. Users must accurately fill in their names, amounts, and dates to ensure clarity. Legal professionals, such as attorneys and paralegals, will find this form useful for its structured approach to resolving conflicts without court intervention. It assists in protecting the interests of both parties involved by establishing clear expectations and obligations. Furthermore, the document includes sections for signatures, ensuring that both parties formally agree to the terms outlined. This document is particularly valuable in scenarios where a debtor is unable to meet original debt obligations and needs a more manageable payment plan.

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FAQ

If you have a deed of trust, you'll usually face a nonjudicial foreclosure — meaning the trustee can just impose it. If you have a mortgage, your lender will need to seek a court judgment to seize the home.

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

Recording the Deed 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.

Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.