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New York Sample Letter regarding Notifying Client of Cancellation of Deed of Trust

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Multi-State
Control #:
US-0079LTR
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Word; 
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This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Client's Name] [Client's Address] [City, State, ZIP] Subject: Notice of Cancellation of Deed of Trust Dear [Client's Name], I hope this letter finds you in good health. I am writing to formally notify you of the cancellation of the Deed of Trust executed on [Date] for the property located at [Property Address], New York. According to our records, the Deed of Trust was entered into between yourself, as the borrower, and [Lender's Name], as the lender. The Deed of Trust served as security for the repayment of a loan or mortgage taken out on the aforementioned property. After careful consideration and review, we have determined that it is necessary to cancel the Deed of Trust due to a change in circumstances. This change may include the full repayment of the loan, refinancing of the property, or any other legally authorized reason for cancellation. We hereby declare that as of the effective date of this letter, the Deed of Trust shall be deemed null and void, and all rights, title, and interest associated with the said Deed of Trust shall be released and terminated. Please note that as a result of this cancellation, any liens or encumbrances placed on the property in connection with the Deed of Trust will also be released. However, it is essential to consult with legal counsel or a qualified professional to ensure that the necessary steps, such as filing a release of the Deed of Trust with the appropriate county recorder's office, are taken to remove any references to the Deed of Trust from public records. In case you have any questions or concerns regarding this cancellation, please do not hesitate to contact us at [Your Phone Number] or [Your Email Address]. We are here to assist you throughout this process. Thank you for your prompt attention to this matter. We greatly value our relationship with you as our client, and we assure you of our continued commitment to providing you with excellent service. Wishing you the best in all your future endeavors. Sincerely, [Your Name] [Your Title/Position] [Company Name]

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FAQ

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.

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.

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.

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New York Sample Letter regarding Notifying Client of Cancellation of Deed of Trust