Get Utah Warranty Deed For Trust To Trust

A Utah deed of trust is a legal instrument that temporarily assigns an interest in real estate to a trustee until the owner settles their financial obligation to a lender. The deed secures the lender's loan by authorizing the trustee to foreclose the property should the owner default on the loan terms.

How to Transfer Utah Real Estate Locate the Prior Deed to the Property. The prior deed is the best source for important information like the way the owner's names are worded and the legal description of the property. ... Create the New Deed. ... Sign and Notarize the New Deed. ... File the Deed with the County.

Sale of trust property by trustee -- Action to recover balance due upon obligation for which trust deed was given as security -- Collection of costs and attorney's fees.

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

Form of warranty deed -- Effect. the grantor, the grantor's heirs, and personal representatives will forever warrant and defend the title of the premises in the grantee, the grantee's heirs, and assigns against all lawful claims whatsoever.

A Utah warranty deed must meet the requirements that apply to other Utah deed forms. These requirements include a valid legal description, statement of consideration, and a description of the manner in which co-owners will hold title, font size and page format requirements, and signature and notarization requirements.

Each deed is made up of four distinct parts: “premises,” “habendum clause,” “warranties,” and “testimonium.” While it is not essential to date a deed, it is good practice to do so because it may and likely will prevent future questions concerning when the deed was delivered.

To 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.