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Tennessee is a deed of trust state. However, a mortgage is enforceable. The trustee must be a resident of Tennessee or a corporation domiciled in Tennessee. There is a reciprocal agreement in which a trustee can serve in Tennessee if the trustee's home state allows a Tennessee trustee to serve.
Create the trust document. You can get help from an attorney or use Willmaker & Trust (see below). Sign the document in front of a notary public. Change the title of any trust property that has a title document?such as your house or car?to reflect that you now own the property as trustee of the trust.
The Trustee is usually the person that prepares the Deed of Trust. It is usually a lawyer or an employee of the Lender. The Lender can change the Trustee at any time. However, the Grantor or Borrower cannot change the Trustee.
Generally, the trustee must be an attorney, title insurance company, trust company, bank, savings and loan, credit union, or other company specifically authorized by law to serve as a trustee. Other states have no limitations.
A trustee is any person or organization that holds the legal title of an asset or group of assets for another person, called the grantor. A trustee is granted this legal title through a trust in which the they hold title to the assets held in trust for the benefit of others.
I want to get a copy of the deed to my land. How can I do that? Go to your Register of Deeds Office and look at the document there. Find your Register of Deeds in: Your phone book under county government. ... Look it up online. Many counties have their real property (land) records online. Go to the county website.