A District of Columbia Release of Mortgage or Deed of Trust, specifically the Short Form Release on Real Estate, is a legal document used to officially release a property from a mortgage or deed of trust. This document serves as proof that the mortgage or deed of trust has been paid in full, and the property is no longer encumbered by the debt. The District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is a straightforward and concise document that highlights the key details of the original mortgage or deed of trust, as well as the release information. It typically includes the following information: 1. Parties involved: The names and addresses of the lender (mortgagee) and the borrower (mortgagor) or trustee (deed of trust) are clearly mentioned. Additionally, the property address or legal description is provided. 2. Recording information: The document states the recording information of the original mortgage or deed of trust, including the book and page numbers where the instrument was recorded with the District of Columbia land records office. 3. Full release: The release clearly states that the mortgage or deed of trust has been fully satisfied and discharged. This ensures that the property is no longer encumbered by any prior liens or claims. 4. Acknowledgment: The document may include an acknowledgment section where the borrower or trustee acknowledges that the debt has been paid and releases any rights or interests in the property. Different types of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate may be based on specific circumstances or requirements. These additional variations could include: 1. Substitution of Trustee Release: This type of release is used when a trustee under a deed of trust is substituted with a new trustee, and the original trustee's interest is officially discharged. 2. Partial Release: This exceptional form of release is utilized when only a portion of the property is being released from the mortgage or deed of trust, while the remaining portion continues to be encumbered. 3. Conditional Release: In some cases, a release may be conditional upon the satisfaction of certain conditions, such as the payment of a certain sum of money or the completion of specific obligations. This type of release would outline these conditions clearly. It is crucial to consult with a qualified attorney or legal professional to ensure the appropriate type of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is used, based on the specific circumstances and requirements of the situation.
District of Columbia Release of Mortgage / Deed of Trust - Short Form - Release on Real Estate
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A Security Affidavit is required on all Residential Deeds of Trust and Modifications. All Judgments, Orders, etc. must be certified by the DC Superior Court. All notarized documents must include the notary seal (if applicable), signature, name and expiration date.
Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...
There are two basic types of Deeds of Trust, the Long Form and the Short Form. The Long Form, which could be 20-30 pages long, is the one generally used by institutional lenders. The Short Form is the one that is most widely used by private party lenders.
When you signed up for your Trust Deed, you agreed to make monthly payments towards your debts for a set period of time, typically four years. Now these four years are up, any remaining unsecured debt will be automatically written off.
A "Short Form Deed of Trust" is a document that is used to secure a promissory note by using real estate as collateral. When filing a Deed of Trust, it places a lien against the property.
Short Form Deed of Trust means, for each Loan financed by Lender hereunder, a Short Form Deed of Trust executed by Borrower, as the grantor thereunder for the benefit of Lender, as the beneficiary thereunder, incorporating the terms and conditions of the Lender's Master Deed of Trust, Assignment of Leases and Rents, ...
