This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Hawaii Authority to Release of Deed of Trust is a legal document that effectively eliminates a lender's claim on a property owner's property. This form is typically used when a borrower has fully paid off their mortgage loan or has fulfilled the terms of the promissory note, granting them ownership rights without any encumbrances. The term "Authority to Release" refers to the power given to a lender or their authorized representative to formally release the deed of trust. The Hawaii Authority to Release of Deed of Trust is an essential legal requirement for property owners who wish to clear their property title of any liens or encumbrances. By submitting this document to the appropriate authorities, borrowers can indicate that their mortgage is paid in full, and they should be issued a clear title for their property. It is important to note that there are different types of Hawaii Authority to Release of Deed of Trust forms. One common variation is the "Partial Release" form, which allows for the removal of a portion of the property covered by the deed of trust. This is frequently used when a borrower has a mortgage on multiple parcels of land, but wants to release a specific one while keeping the other property as collateral. Another type of Hawaii Authority to Release of Deed of Trust is the "Substitution of Trustee" form. This form allows the beneficiary, who holds the deed of trust, to replace the trustee originally named in the document. This substitution is commonly done when there is a change in the loan service or trustee agency. Hawaii Authority to Release of Deed of Trust forms must contain certain key information. This includes the borrower's name, the lender's name, the property description including parcel number, the loan amount, the recording information of the original deed of trust, and the signatures of both the lender and borrower. Additionally, the document should be notarized to ensure its authenticity. In conclusion, the Hawaii Authority to Release of Deed of Trust is a crucial legal document that provides property owners with the means to officially release their property from mortgage liens. Whether it is a full release, partial release, or substitution of trustee, these forms facilitate the removal of encumbrances on a property title, granting rightful ownership to the borrower.
