Subject: Request for Cancellation of Deed of Trust — North Dakota [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to formally request the cancellation of the Deed of Trust associated with the property located at [property address], North Dakota, as it has been fully paid off. I, [Your Name], am the original borrower/granter of the Deed of Trust executed on [date]. The outstanding loan secured by this Deed of Trust, with [lender's name] as the beneficiary, has been paid in full as of [date of final payment]. To initiate the cancellation process, I have enclosed the original Promissory Note, the Deed of Trust, and any other relevant documentation confirming the full satisfaction of the outstanding debt. I kindly request you to acknowledge the receipt of these documents and proceed with the necessary steps for the cancellation. In accordance with North Dakota law, specifically [cite the relevant statute or code], I request the issuance of a Cancellation of Deed of Trust, sometimes known as a Re conveyance Deed. This document serves as proof that the Deed of Trust has been effectively released, and ensures the property's title is clear of any encumbrances related to the previous mortgage. Please be aware that certain requirements outlined by the state and county may need to be met for the cancellation process. If there are specific forms or fees necessary to complete this request, kindly provide them to me along with any instructions for further actions. I appreciate your prompt attention to this matter. Please feel free to contact me at [your phone number] or [your email address] if you require any additional information or documentation to expedite this process. I look forward to receiving the duly executed Cancellation of Deed of Trust in due course. Thank you for your time and cooperation. Sincerely, [Your Name]
North Dakota Sample Letter regarding Cancellation of Deed of Trust
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How to fill out Sample Letter Regarding Cancellation Of Deed Of Trust?
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FAQ
In order to cancel a contract for deed, a seller needs to complete a form called a notice of cancellation of contract for deed, and have the notice personally served on the buyer.
A deed of confirmation may be required to confirm a right, event or detail that is presently uncertain. We advise on and draft documents confirming and/or rectifying any problematic provisions in the deed.
Cancellation of sale deed refers to the revocation of the purchase and sale of property. A sale deed may be cancelled if any party involved is unsatisfied with the deal and makes a claim regarding the same in the court of law.
A Trust deed is a legal document that comprises and sets out the terms and conditions of creating and managing a trust. It involves the objective of the trust established , the names of the beneficiaries and the amount of lump sum income they will receive and even the method by which they will receive the payment.
Key Takeaways. You can cancel your deed of trust by getting a deed of surrender in place. This is a legal document which can be used to waive a previous deed or contract between multiple parties. You can't cancel a deed of trust without the consent of all parties named within the deed.
When the consideration (purchase price) on a deed is for $100.00 or more the seller must pay an excise tax. The excise stamp was affixed to the deed and then cancelled to avoid the reusing of the stamp.
