This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Authority to Release of Deed of Trust
State:
Multi-State
Control #:
US-00186
Format:
Word;
Rich Text
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How to fill out Authority To Release Of Deed Of Trust?
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FAQ
A Release of Deed of Trust is a document signed and executed by the current beneficiary of a Deed of Trust. The release form is submitted to the Public Trustee's Office in the county in which the property is located.
A Deed of Release is a legal document, also known as a deed of settlement, used to formalise an agreement between two or more parties involved in a dispute. In an employment setting, a Deed of Release is often used to resolve a dispute between an employer and employee or ex-employee.
The deed can be re-written to reflect changes, but it needs the consent of both parties. If you want to make substantial changes to the deed, it's typically best to get a new one written. If changes are only minor, you can enter a deed of variation.
In order to clear the Deed of Trust from the title to the property, a Deed of Reconveyance must be recorded with the Country Recorder or Recorder of Deeds. If the Trustee/Beneficiary fails to record a satisfaction within the set time limits, the Trustee/Beneficiary may be responsible for damages as set out by statute.
Deeds of release are also particularly common in the context of employment. It is common for employers to require an employee to sign a deed of release upon exiting the business. The deed will ensure that the person is not able to make any employment claims against your business after they have ceased their employment.
In real estate parlance, the party conveying property is called the grantor. The party receiving the property is the grantee. Either party can be an individual, a business entity, or a partnership. The contract between the grantor and grantee establishes the terms of transfer between the parties.
Only until the debt is paid off by the borrower can a deed of reconveyance then be used to clear the deed of trust from the title to the property. The document is signed by the trustee, whose signature must be notarized.
A deed of release literally releases the parties to a deal from previous obligations, such as payments under the term of a mortgage because the loan has been paid off. The lender holds the title to real property until the mortgage's terms have been satisfied when a deed of release is commonly entered into.