Deed Of Trust Insert Field Validation For Free

Courts have wiped out trust-deed liens because of simple errors. Giving the wrong legal address for the property or the wrong amount of the debt can render the deed unenforceable. In some cases, the error is easy to fix, and the court will rule the deed is enforceable.

A deed of trust includes most of the same information as a mortgage, including:A legal description of the property that's used as security or collateral for the mortgage. The names of parties: trustee, trustor, and beneficiary. The inception and maturity dates of the loan.

A deed of trust is a legal document that is the security for a real estate loan. The document itself is recorded with the county recorder or registrar of titles in the county where the real estate is located.

A deed executed in blank, without designation of a grantee, is also void.In contrast, if the title is voidable, the grantor can choose to rescind the deed against the grantee, but title may be enforced by a bona fide purchaser. For example, a deed is voidable if it was obtained by fraud in the inducement.

The person who owns the property usually signs a promissory note and a deed of trust. The deed of trust does not have to be recorded to be valid.

Party information: names and addresses of the trustor(s), trustee(s), beneficiary(ies), and guarantor(s) (if applicable) Property details: full address of the property and its legal description (which can be obtained from the County Recorder's Office)

In the first instance, if your deed is not recorded, there is nothing in the public record to stop the seller from conveying the property to another person.Although less likely, there is also a risk that your seller could fraudulently execute a mortgage or home equity line of credit against your property.