A District of Columbia Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter is a legal document that releases a portion of the mortgage or deed of trust on a property's mineral or royalty interest. This partial release allows the granter to sell a specific portion of their interest while maintaining a lien on the remaining portion. Keywords: District of Columbia, Partial Release, Mortgage, Deed of Trust, Mineral Interest, Royalty Interest, Granter. There are different types of District of Columbia Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter, including: 1. District of Columbia Partial Release of Mortgage on a Mineral Interest: A Partial Release of Mortgage on a Mineral Interest is executed to release a specific portion of the mortgage lien on a property's mineral interest. This enables the granter to sell that portion of their mineral interest without affecting the mortgage lien on the remaining interest. 2. District of Columbia Partial Release of Mortgage on a Royalty Interest: A Partial Release of Mortgage on a Royalty Interest allows a granter to release a portion of the mortgage lien on a property's royalty interest. This facilitates the sale of a specific portion of the granter's royalty interest while retaining the mortgage lien on the remaining interest. 3. District of Columbia Partial Release of Deed of Trust on a Mineral Interest: A Partial Release of Deed of Trust on a Mineral Interest is used when the granter wants to release a particular portion of the deed of trust on their property's mineral interest. This allows the granter to sell the released portion while keeping the deed of trust intact on the remaining interest. 4. District of Columbia Partial Release of Deed of Trust on a Royalty Interest: A Partial Release of Deed of Trust on a Royalty Interest allows the granter to release a specific portion of the deed of trust on their property's royalty interest. By doing so, the granter can sell that portion of their royalty interest while maintaining the deed of trust on the remaining interest. In summary, a District of Columbia Partial Release of Mortgage or Deed of Trust on a Mineral/Royalty Interest Sold by Granter helps facilitate the sale of a portion of the granter's mineral or royalty interest, while preserving the lien on the remaining interest. It is crucial to follow the appropriate legal procedures when executing such a release to ensure the smooth transfer of the interest and protection of all parties involved.
District of Columbia Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor
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FAQ
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.
If your circumstances change any you are no longer able to make your payments, your Trust Deed may fail and you will still be liable for your debts or even forced into bankruptcy.
A deed of trust is a document used in real estate transactions. It represents an agreement between the borrower and a lender to have the property held in trust by a neutral and independent third party until the loan is paid off.
What is the Difference Between a Deed and a Deed of Trust? The primary difference between a deed and a deed of trust is the purpose of each document. A deed transfers ownership of a property from one party to another, while a deed of trust secures a loan on a property.
A Deed of Trust is an agreement between a borrower, a lender and a third-party person who's appointed as a Trustee. It's used to secure real estate transactions where money needs to be borrowed in order for property to be purchased.
If the borrower defaults, the purchased property is collateral, so there's virtually zero risk of losing your money with trust deeds. With property foreclosure and options like property sale or refinance, your investment remains safe.
Deeds of trust almost always include a power-of-sale clause, which allows the trustee to conduct a non-judicial foreclosure - that is, sell the property without first getting a court order.
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, ...
