Hawaii Trustee's Deed and Assignment for Distributing Properties Out of Trust

State:
Multi-State
Control #:
US-OG-317
Format:
Word; 
Rich Text
Instant download

Description

This form is used when a Trust has terminated by the terms of the Agreement creating the Trust and pursuant to the terms of the Agreement creating the Trust, upon its termination, the then acting Trustee is to distribute all of the Properties in the Trust to the beneficiaries named in the Trust Agreement.

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FAQ

What is a trustees deed in Florida? Trustee's deeds convey real estate out of a trust. Depending on the circumstances, they may or may not include warranty to the title. They are also used in some foreclosure situations (generally without warranty).

In Illinois, a trustee's deed is used to transfer real property out of a trust. The deed is named for the person executing it -- the trustee.

A trustee deed?sometimes called a deed of trust or a trust deed?is a legal document created when someone purchases real estate in a trust deed state, such as California (check your local laws to see what is required in your state). A trust deed is used in place of a mortgage.

The Trustee's Deed Upon Sale is a process for transferring property that has been foreclosed upon. Due to his legal authority, the Trustee can complete legal transactions without the use of courts.

(A) A real estate investment trust may take, hold, and dispose of any estate or interest in real property in its business name, or in the name of one or more of its trustees, or in the name of one or more of its nominees.

A warranty deed provides a guarantee that the title is clear. A trustee deed offers no such warranties about the title. A special warranty deed guarantees against title problems that occurred during a seller's ownership period, but not before.

In Ohio, the basic trustee's deed is similar to a quitclaim deed, in that it offers no warranty of title. Depending on the situation, the trustee might add guarantees to bring the deed in line with special warranty or warranty deeds.

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.

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Hawaii Trustee's Deed and Assignment for Distributing Properties Out of Trust