This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
North Dakota Authority to Release of Deed of Trust is a legal document that serves to officially release a deed of trust relating to real property in the State of North Dakota. This document is used to cancel and discharge the lender's interest in a property once the underlying loan has been fully repaid by the borrower. The North Dakota Authority to Release of Deed of Trust is typically prepared by the lender or their authorized representative, and it requires the signature of the lender, trustee, and borrower to be considered valid. Once signed and notarized, this document is recorded with the county recorder's office where the property is located, thus notifying all interested parties that the deed of trust has been released. By filing the North Dakota Authority to Release of Deed of Trust, the borrower gains full ownership rights to the property, unencumbered by any mortgage or lien. It provides assurance to potential buyers or lenders that the property is free from any outstanding debts or claims. Some relevant keywords associated with the North Dakota Authority to Release of Deed of Trust include: 1. Deed of Trust: A legal document that pledges real property as security for a loan. 2. Lender: The financial institution or individual who provides the loan. 3. Borrower: The individual or entity who receives the loan and pledges the property. 4. Trustee: An impartial third party who holds the legal title to the property until the loan is fully repaid. 5. Authority to Release: The power granted to the lender or their authorized representative to release the deed of trust. 6. Mortgage: A loan agreement in which the borrower pledges the property as security. 7. Discharge: The formal cancellation and removal of a deed of trust from the property's title records. 8. Notarized: The process of having a document authenticated by a notary public. 9. County Recorder's Office: The government office responsible for recording and maintaining property records within the county. 10. Encumbrance: Any claim, lien, or other liability that affects the property's ownership. While there may not be different types of North Dakota Authority to Release of Deed of Trust, variations in language and format can exist based on the preferences of different lenders or legal professionals handling the release process. It is essential to consult with an attorney or a real estate professional experienced in North Dakota real estate laws to ensure compliance and accuracy when executing this document.
