This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
South Dakota Authority to Release of Deed of Trust refers to the legal process through which a mortgage lender releases a property owner from their loan obligations. This document ensures that the mortgage has been fully paid off and allows the property owner to claim clear title to their property. In South Dakota, there are primarily two types of Authority to Release of Deed of Trust: 1. Voluntary Release: This type of release occurs when a borrower has successfully repaid their mortgage loan in full. Upon receiving the final payment, the lender prepares and signs the Authority to Release of Deed of Trust document, which releases the lien on the property. The document is then recorded at the county recorder's office to signify that the property owner is free from the mortgage debt. 2. Release by Court Order: Sometimes, a property owner may request a court order to release a deed of trust. This situation typically arises when there is a dispute over the loan or the lender fails to provide the necessary release despite receiving payment in full. In such cases, the property owner may file a lawsuit seeking a court order to force the release of the deed of trust. Once the court reviews the evidence and determines that the loan has been satisfied, it can issue a court order directing the lender to release the deed of trust. The keywords related to South Dakota Authority to Release of Deed of Trust could include: South Dakota, Authority to Release, Deed of Trust, mortgage lender, property owner, loan obligations, clear title, voluntary release, court order, lien, final payment, county recorder's office, mortgage debt, court order, dispute, lawsuit, evidence, loan satisfaction.
