A South Carolina Deed of Trust — Release is a legal document that signifies the release of a borrower's property from a deed of trust, thereby extinguishing the lender's claim against the property. It is an essential step in the mortgage or loan repayment process, as it ensures that the borrower regains full ownership and control of their property once the debt is fully satisfied. In South Carolina, there are two main types of Deed of Trust — Release documents: 1. Partial Release: A Partial Release of Deed of Trust is executed when a borrower has paid off a portion of the outstanding loan, resulting in a partial release of the property. This allows the borrower to retain ownership and control over the remaining portion of the property while releasing the lien on the paid-off portion. The release document will specify the exact portion of the property that has been released and outline any conditions or obligations for the remaining portion. 2. Full Release: A Full Release of Deed of Trust is executed when a borrower has completely paid off the mortgage or loan, resulting in a full release of the property. This document signifies that the lender no longer has any claim or lien on the property, and the borrower gains complete ownership and control over the property. The release will include details such as the original loan amount, the date the loan was fully repaid, and any additional terms or requirements for the release. The South Carolina Deed of Trust — Release is a crucial legal instrument in finalizing the repayment process and ensuring that the borrower's property rights are fully restored. It offers protection and peace of mind to both the borrower and the lender, confirming that all obligations have been fulfilled and the property is now free from any encumbrances.
South Carolina Deed of Trust - Release
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The Register of Deeds provides copies at a cost of 50 cents per page for deeds and 50 cents for plats. You can come into the Register of Deeds Office and bring with you the physical address to the property or current owners name.
A South Carolina deed of trust designates a trustee as a property's legal owner until the original owner's (the ?borrower?) debt to a lender is paid. Property conveyed in a deed of trust is returned to the borrower once the loan made via a promissory note is settled.
Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law. UCC Forms - Click on the SC Secretary of State's Web site below.
Generally, all instruments conveying an interest in real property must be recorded in that county's Register of Deeds in order to be valid. Other documents of public interest may also be recorded by the Register of Deeds. The Register of Deeds exists as a separate governmental office in 23 counties in South Carolina.
The title to a house is a legal concept that establishes your ownership of the property and gives you certain rights to it. The deed is a legal document that transfers ownership of a property from a seller to a buyer.
(j) In a transaction involving title to real property, the certificate of trust must be executed and acknowledged in a manner that permits its recordation in the Office of the Register of Deeds or Clerk of Court in the county in which the real property is located.
In South Carolina, the personal representative must execute a deed of distribution with respect to real estate owned by a deceased person in order to transfer or release the estate's ownership or control over the property.