District of Columbia Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest

State:
Multi-State
Control #:
US-OG-408
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a partial release of a mortgage/deed of trust of leasehold interests.

How to fill out Partial Release Of Mortgage / Deed Of Trust On Undivided Leasehold Interest?

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FAQ

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, ...

Get Your Deed Online Deeds and most other documents kept by the Land Records Department are available through mdlandrec.net. This website is free to use but you must create an account using your name and email address.

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.

You may research this information at: Office of the Recorder of Deeds or Real Property Tax Database Search. The cost to purchase a copy is $2.25 per page plus ($2.25) per document for certification of a copied document. Your copies will be mailed promptly to you.

The DC recorder of deeds requires two forms when recording deeds: Real Property Recordation and Tax Form FP-7/C. Form FP-7/C is a return form listing details about the transfer?including the amount of consideration. The current owner and new owner must both sign the form.

The Bottom Line 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.

You may obtain the deed book and page number by searching for the document in the Court Public Access Network (?CPAN?) on one of the public computers in the Land Records Research Room or through a subscription. Subscribers to CPAN are able to make non-certified copies from their own computer.

1.1 % of consideration or fair market value for residential property transfers less than $400,000 and 1.45% of consideration or fair market value on the entire amount, if transfer is greater than $400,000.

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District of Columbia Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest