North Carolina Subordination Agreement (Deed of Trust to Storage Agreement)

State:
Multi-State
Control #:
US-OG-1142
Format:
Word; 
Rich Text
Instant download

Description

This form is a subordination agreement for deed of trust to storage agreement.

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FAQ

Subordination is the process whereby one party is allowed to have a higher priority in potentially competing claims. Thus, the title insurance company and/or bank want to be ahead of any other potential claimant who has provided labor and/or materials. Claims of Lien in North Carolina - Vann Attorneys, PLLC vannattorneys.com ? claims-lien-north-carolina vannattorneys.com ? claims-lien-north-carolina

In trusts and estates law, a purchase money resulting trust is used in domestic partnership when the domestic property is purchased by both partners, but the title is only in the name of one partner.

The PMDT is a deed of trust which secures money used to purchase the property. The beneficiary is often the seller of the property, but can be a third party lender. The significance of the PMDT is that it can give the deed of trust priority over preexisting judgments and liens against the purchaser. PURCHASE MONEY D.O.T. - Chicago Title North Carolina ctt.com ? bulletins ? pmdt_print ctt.com ? bulletins ? pmdt_print

A North Carolina deed of trust is a real estate transfer instrument between a lender, borrower, and a trustee whereby a property title is transferred as collateral for a loan to purchase real estate. The title is maintained by the trustee until the borrower (property owner) returns the entire loan amount to the lender.

A "Short Form Deed of Trust" is a document that is used to secure a promissory note by using real estate as collateral. When filing a Deed of Trust, it places a lien against the property.

A legal document that creates a trust, giving a person or organization the right to manage money or property for someone else, and says how this should be done: The trust deed stated clearly what they were entitled to do with the property.

A North Carolina deed of trust is a real estate transfer instrument between a lender, borrower, and a trustee whereby a property title is transferred as collateral for a loan to purchase real estate. The title is maintained by the trustee until the borrower (property owner) returns the entire loan amount to the lender. Free North Carolina Deed of Trust Form | PDF | Word - eSign esign.com ? deeds ? deed-of-trust esign.com ? deeds ? deed-of-trust

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North Carolina Subordination Agreement (Deed of Trust to Storage Agreement)