North Carolina Sample Letter regarding Notifying Client of Cancellation of Deed of Trust: [Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Client's Name] [Client's Address] [City, State, Zip Code] Re: Cancellation of Deed of Trust Dear [Client's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you about an important update regarding the Deed of Trust we executed on [Date], concerning the property located at [Property Address], in [City], [State]. I am pleased to inform you that our records indicate that the financial obligations associated with the Deed of Trust have been settled in full, as per the terms outlined in the agreement. In light of this development, we are delighted to cancel the Deed of Trust and release you from any further commitments or encumbrances associated with this transaction. We understand that the cancellation of the Deed of Trust is pivotal for your financial records and the clear title of the property. To ensure a smooth transition, we have already taken the necessary steps to prepare the cancellation documents. Upon your consent, we will proceed with the execution of these documents and deliver a copy to you for your records. Please note that while we are handling the process of canceling the Deed of Trust, it is essential that you also inform any relevant parties or institutions with a vested interest in the property. This may include your insurance provider, local tax authorities, and any other parties you deem necessary for complete disclosure. In order to proceed with the cancellation of the Deed of Trust, we kindly request your confirmation of this decision. Please sign the enclosed duplicate copy of this letter and return it to us at your earliest convenience. Alternatively, you may contact our office directly using the contact information provided above to express your acceptance and consent. We understand the importance of promptly finalizing this matter and ensuring your peace of mind. Rest assured that we will expedite the cancellation process upon receiving your confirmation. Thank you for choosing our services. We value your trust and support, and we remain committed to providing you with the highest level of satisfaction and professionalism. If you have any questions or concerns, please do not hesitate to reach out to us at any time. We look forward to hearing from you soon. Sincerely, [Your Name] Enclosure: Duplicate Copy of Letter Keywords: North Carolina, sample letter, notifying client, cancellation, deed of trust, client's consent, property address, financial obligations, encumbrances, smooth transition, cancellation documents, clear title, relevant parties, confirm decision, peace of mind, satisfaction, professionalism.
North Carolina Sample Letter regarding Notifying Client of Cancellation of Deed of Trust
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How to fill out Sample Letter Regarding Notifying Client Of Cancellation Of Deed Of Trust?
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Deeds of trust and mortgages can be satisfied with a simple instrument prepared and signed by the trustee or secured creditor and acknowledged; however, still allowing for satisfaction previously provided for in North Carolina Law, Register of Deeds no longer will have forms for satisfaction the provisions of the law ...
Deeds of trust and mortgages can be satisfied with a simple instrument prepared and signed by the trustee or secured creditor and acknowledged; however, still allowing for satisfaction previously provided for in North Carolina Law, Register of Deeds no longer will have forms for satisfaction the provisions of the law ...
N.C. General Statutes Section 45-37(b) creates a presumption that the secured debt has been paid, and the lien of the deed of trust securing the debt expires 15 years after the maturity date of the debt as stated in the security instrument (or, as in this case, 15 years after the date of the note if the note is payable ...
When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be notarized.
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.
