Iowa Subordination of Lien (Deed of Trust/Mortgage to Right of Way)

State:
Multi-State
Control #:
US-OG-1145
Format:
Word; 
Rich Text
Instant download

Description

This form is a subordination of lien for deed of trust or mortgage to right of way.

How to fill out Subordination Of Lien (Deed Of Trust/Mortgage To Right Of Way)?

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FAQ

Iowa Code 318.3 prohibits physical changes to right-of-way without a permit. Unauthorized spraying is an example of a physical change. For more information, contact our office at 319-892-6400.

The county recorder shall record a conveyance or lease of agricultural land presented for recording even though not presented within one hundred eighty days after the date of conveyance or lease. 558.44 Mandatory recordation of conveyances and leases of ... iowa.gov ? docs ? code ? 558.44.pdf iowa.gov ? docs ? code ? 558.44.pdf

6. Any person who commits a trespass as defined in section 716.7, subsection 2, paragraph ?a?, subparagraph (6), commits a class ?D? felony. 7. Any person who commits a trespass as defined in section 716.7, subsection 2, paragraph ?a?, subparagraph (7), commits a serious misdemeanor.

A mortgage involves only two parties: the borrower and the lender. A deed of trust has a borrower, lender and a ?trustee.? The trustee is a neutral third party that holds the title to a property until the loan is completely paid off by the borrower. Deed Of Trust: A Definition | Rocket Mortgage rocketmortgage.com ? learn ? deed-of-trust rocketmortgage.com ? learn ? deed-of-trust

In lien theory states, the borrower holds the title to the property. Instead of a Deed of Trust, a Mortgage is recorded in the public record and acts as a lien against the property until the debt is paid off. With a mortgage, a homeowner has both legal and equitable title. Lien Theory vs. Title Theory - PropLogix proplogix.com ? videos ? lien-theory-vs-titl... proplogix.com ? videos ? lien-theory-vs-titl...

589.31 City and county deeds. The deeds and conveyances are legalized and valid as if the record showed that the law had been complied with, and that the conveyances and deeding had been duly authorized by the governing body of the city or county. CHAPTER 589 Iowa Legislature (.gov) ? docs ? code Iowa Legislature (.gov) ? docs ? code PDF

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Iowa Subordination of Lien (Deed of Trust/Mortgage to Right of Way)