Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Georgia Land Deed of Trust
State:
Multi-State
Control #:
US-00181
Format:
Word;
Rich Text
Instant download
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How to fill out Land Deed Of Trust?
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FAQ
A security deed (also known as a deed to secure debt, loan deed, or warranty deed to secure debt) is the most common form of securing a financing instrument for real estate loans in Georgia.
In a nutshell, a land trust is a type of legal entity that takes control or ownership of a piece of property by order of the property owner. The trust acts as a separate legal entity from the owner, which can serve numerous legal purposes.
Georgia Mortgages Explained In the State of Georgia, the instrument used to secure a debt on property is called a "Deed to Secure Debt" or "Security Deed." Under Georgia law, the lender is deeded the property, but in a lesser form of a deed that becomes activated if the borrower defaults in some way.
Transfer Your Home Into the Trust You must complete the deed transferring ownership of the property before a witness and a notary public and have the deed notarized. You must submit the deed and a PT-61 tax transfer document to the Superior court clerk in your county.
Security Instruments (Deed of Trust vs. A security deed (deed to secure debt) is the customary security instrument in Georgia. Georgia does not use a Deed of Trust. Two witnesses are required to witness the signature of the grantor for a security deed to be recorded.
Many deeds are available online by accessing the local Clerk of Superior Court website. Others may be secured through the Georgia Superior Court Clerk's Cooperative Authority at .gsccca.org.
A Georgia deed of trust transfers a borrower's property title to a third-party trustee as collateral for a loan secured from a moneylender.
You can access all recorded deeds, liens, plats and UCC's online at gsccca.org or visit our office at 75 Langley Drive, Lawrenceville GA 30046. There is a fee to access the website and a $2.50 charge for 1st copy printed, and $1.00 per page after 1st page.
