Subject: Mississippi Sample Letter for Cancellation of Deed of Trust [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Re: Cancellation of Subject Deed of Trust Dear [Recipient's Name], I am writing to request the cancellation of the Deed of Trust that was recorded on [date] in [county] County, Mississippi, under [instrument number]. This cancellation is in relation to the property located at [property address]. I, [your name], am the original borrower and owner of the property. The Deed of Trust was created as security for a loan obtained from [lender's name], with the original principal amount of [amount]. I am pleased to inform you that the loan has been fully paid off, and all obligations under the Deed of Trust have been duly met. Therefore, I kindly request that you prepare the necessary documents to cancel and release the Deed of Trust associated with this loan. I understand that this cancellation constitutes a legal process, and I am willing to fulfill any requirements necessary to complete the cancellation and release of the Deed of Trust. Please find attached the following documents to support the cancellation process: 1. A copy of the fully executed and notarized Release of Deed of Trust form that should be recorded. 2. A copy of the paid-off loan statement from [lender's name] confirming the full repayment. I request that you take appropriate action to file the necessary documents with the [county] County Recorder's Office to officially release the Deed of Trust. Upon completion, it would be highly appreciated if you could provide me with a recorded copy for my records. If there are any fees or costs associated with this cancellation process, kindly inform me in advance. I am prepared to fulfill any necessary obligations promptly. Should you require any further information or have any questions regarding this cancellation request, please do not hesitate to contact me via the provided email or phone number. Thank you for your prompt attention to this matter. I appreciate your cooperation in facilitating the cancellation of the Deed of Trust. Yours sincerely, [Your Name]
Mississippi Sample Letter for Cancellation of Subject Deed of Trust
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How to fill out Mississippi Sample Letter For Cancellation Of Subject Deed Of Trust?
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Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateMassachusettsYMichiganYYMinnesotaYMississippiY47 more rows
A Mississippi deed of trust is a document by which an owner's property title transfers to a neutral party (trustee) to serve as security for a real estate loan granted by a lender (beneficiary). The trustee holds onto the property title until the land owner (borrower) pays back the loan in full to the lender.
The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. A deed of trust is used to secure a loan, while a deed is used to transfer ownership of a property.
A deed of trust is also commonly referred to as a declaration of trust. It is a legal agreement that specifies how property will be held between two or more owners. It also highlights other financial arrangements, like mortgage payments, between everyone who has an interest in the relevant asset.
A Deed of Trust is a legal document similar to a home mortgage. It guarantees a real estate transaction between a lender and a borrower. A Deed of Trust definition is most easily expressed as an agreement between a borrower, a lender and a third party known as the Trustee.
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.
The trustee or substitute trustee so appointed may be a natural person, partnership, corporation, limited liability company, professional association or any other legal entity.
