Subject: South Carolina Sample Letter for Cancellation of Deed of Trust [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Bank's Name or Lending Institution] [Address] [City, State, ZIP] Dear [Recipient's Name], RE: Cancellation of Subject Deed of Trust — Loan Account Number: [Insert Loan Account Number] I am writing to request the cancellation of the Deed of Trust attached to the aforementioned loan account held with [Bank's Name or Lending Institution]. As per the terms and conditions specified in the Deed of Trust and in accordance with the laws of South Carolina, I hereby formally request the release of this lien from my property. Please find the details pertaining to the loan and property below: Loan Account Number: [Insert Loan Account Number] Property Address: [Insert Property Address] Legal Description: [Insert Legal Description, if available] As the borrower, I have successfully fulfilled all the financial obligations agreed upon within the original loan agreement. The loan has been fully repaid on [Insert Loan Payoff Date]. To facilitate the cancellation process, I have enclosed the following supporting documents: 1. Copy of the fully executed Deed of Trust, signed by all involved parties. 2. Copy of the final payment or payoff statement, indicating the satisfaction of the loan. Kindly review the enclosed documents at your earliest convenience and proceed with the necessary steps to cancel the Deed of Trust, ensuring that it is appropriately discharged from the property records. I would greatly appreciate your prompt attention to this matter, as the cancelled Deed of Trust affects the title and legal ownership of the property. Please confirm in writing once the cancellation process is complete, including any documents or forms that require my signature. Should you require any additional information or documentation, please do not hesitate to contact me at [Email Address] or [Phone Number]. I am willing to provide any further details necessary for the cancellation process. Thank you for your assistance in this matter. I look forward to a smooth and timely resolution. Yours sincerely, [Your Name] --- Types of South Carolina Sample Letters for Cancellation of Subject Deed of Trust: 1. South Carolina Sample Letter for Cancellation of Deed of Trust — ResidentiaPropertyrt— - Intended for individuals canceling a Deed of Trust for a residential property in South Carolina. 2. South Carolina Sample Letter for Cancellation of Deed of Trust — CommerciaPropertyrt— - Intended for business owners or investors canceling a Deed of Trust for a commercial property in South Carolina. 3. South Carolina Sample Letter for Cancellation of Deed of Trust Refinancenc— - For borrowers who have refinanced their loan and require a cancellation of the previous Deed of Trust. 4. South Carolina Sample Letter for Cancellation of Deed of Trust — LoaSatisfactionio— - Designed for borrowers who have completed their loan's repayment and are seeking a cancellation of the related Deed of Trust. 5. South Carolina Sample Letter for Cancellation of Deed of Trust — Disputed PropertOwnershiphi— - Suitable for cases where disputes arise regarding the validity of a Deed of Trust and require cancellation for clarifying ownership rights.
South Carolina Sample Letter for Cancellation of Subject Deed of Trust
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How to fill out Sample Letter For Cancellation Of Subject Deed Of Trust?
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FAQ
Deeds of trust and mortgages can be satisfied with a simple instrument prepared and signed by the trustee or secured creditor and acknowledged; however, still allowing for satisfaction previously provided for in North Carolina Law, Register of Deeds no longer will have forms for satisfaction the provisions of the law ...
Hear this out loud PauseThe 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.
Hear this out loud PauseAs of now, South Carolina law does not permit the use of TOD deeds to transfer ownership of real estate. Instead, other estate planning tools, such as joint tenancy or a living trust, can be used to avoid probate for real estate.
Hear this out loud PauseTo transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.
Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateOregonYPennsylvaniaYRhode IslandYSouth CarolinaY47 more rows
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.
