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In Colorado, real estate purchases in which the purchaser borrows money to pay for property are typically secured with a Deed of Trust. Rather than a mortgage in which the parties are the borrower and the lender, a Deed of Trust is a three-party agreement among a borrower, a lender, and the county Public Trustee.
A promissory note provides the financial details of the loan's repayment, such as the interest rate and method of payment. A mortgage specifies the procedure that will be followed if the borrower doesn't repay the loan. If you live in a deed of trust state, you will not get a mortgage note.
Where do I get copies of deeds or other documents? To get copies of documents you will need to contact the Clerk and Recorder's Office online at or via phone at (303) 271-8186.
A trust deed ?also known as a deed of trust?is a document sometimes used in real estate transactions in the U.S. It is a document that comes into play when one party has taken out a loan from another party to purchase a property.
Below you will find some definitions of release terms you may see while navigating our site. Our office does not provide legal advice. DEED OF TRUST - In Colorado, a mortgage is generally called a Deed of Trust, and that document is signed and recorded at the time the property is purchased and financed.
In addition the following information should be included: The Payee Name. The Owner(s) of the mortgage holder. Total amount of mortgage. Mortgage date of execution. Full and legal description of the property to include tax parcel number. Acknowledgement that all payments have been made in full.
A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.
Recorded Deed of Trust Recorded copies can be obtained from the Jefferson County Clerk and Recorder's Office, (303)-271-8580. For Releases With Production only, please submit to our office the above-mentioned documents and fees along with a self-addressed envelope and we will execute your release.