California Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor

State:
Multi-State
Control #:
US-OG-130
Format:
Word; 
Rich Text
Instant download

Description

If an owner of a mineral or royalty interest, whose interest is subject to a mortgage/deed of trust, desires to sell or convey an interest, it is appropriate to obtain a release of that lien as to the interest conveyed. This form addresses that situation.

How to fill out Partial Release Of Mortgage / Deed Of Trust On A Mineral / Royalty Interest Sold By Grantor?

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FAQ

While a trust does not need to be notarized in California to be valid, there are a few reasons why you may want to consider having it notarized. Notarizing a trust can increase its authenticity, reduce the risk of fraud, and make it easier to transfer assets to the trust.

Before an instrument can be recorded its execution shall be acknowledged by the person executing it.? (CA Government Code§ 27287.) To put it simply, the law requires that grant deeds are notarized and the County Recorder will not accept the grant deed without a notary acknowledgment.

Trusts are deemed invalid when the trustee's capacity to make decisions was quite severely diminished at the time of its drafting. However, that doesn't mean those in the early stages of a progressive illness should just go ahead with the trust because it can always get contested in court at a later date.

If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.

In California, a deed of trust must come with security, typically a promissory note. To be valid, a deed of trust must be (1) in writing, (2) with a description of the property, and (3) signed by the trustor of the deed of trust.

While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy.

From here, the process looks like this: Choose the most appropriate deed. Prepare the deed. Complete the deed with accurate information about the property and the person being added. Sign the deed in the presence of a notary public. File the deed with the county recorder's office. Update the property records.

To make your trust valid in California, you simply need to sign the trust document ? that's it! You don't need to have your document witnessed or notarized to make it valid. However, many people choose to sign their document in the presence of a notary public to help authenticate the document.

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California Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor