Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secure Debt Shall With No Interest In Sacramento
State:
Multi-State
County:
Sacramento
Control #:
US-00181
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Word;
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FAQ
A secured creditor is — at the very basic level — a creditor that has lent assets that are backed by collateral.
California debt relief is a real thing. It's available through a number of different California Debt Relief programs, including the state's Debt Relief Program and Mortgage Assistance Program.
Debt obligation means a public security, as defined by Government Code 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities.
If you file for a Chapter 7 bankruptcy, your secured debt may be discharged, but the lender is also able to repossess the property that secured the debt. In other words, if you have a mortgage on your home and file a Chapter 7 bankruptcy, the mortgage debt may be discharged but the lender can take back your home.
Secured debt is backed by collateral, whereas unsecured debt doesn't require you to put any assets on the line to get approved. Because lenders take on more risk, unsecured debts tend to have higher interest rates and stricter eligibility requirements than secured debt.
Record the Signed Documents at the County Recorder's Office Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. In Sacramento, this is at 3636 American River Drive, Ste. 110, Sacramento CA 95864.
Secured debt - A debt that is backed by real or personal property is a “secured” debt. A creditor whose debt is “secured” has a legal right to take the property as full or partial satisfaction of the debt. For example, most homes are burdened by a “secured debt”.
This Deed of Trust (the “Trust Deed”) sets out the terms and conditions upon which: Settlor Name (the “Settlor”), of Settlor Address, settles that property set out in Schedule A (the “Property”) upon Trustee Name (the “Trustee”), being a Company duly registered under the laws of state with registered number ...
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Bankruptcy treats secured debt differently than unsecured debt. Understand what they are and what your responsibilities are before you file.Chapter 13 bankruptcy allows you to keep your property and pay all or a portion of your debts out of future income. Secured (real) property taxes are an ad-valorem (value based) property tax that is the liability of the person or entity assessed for the tax. Money Fit helps Sacramento residents find debt relief through trusted, nonprofit services. Are you thinking about consolidating your debt? Use the Debt Consolidation Calculator from Sacramento Credit Union to learn how you can save. The Probate Court may oversee the division of property of someone who has died. This property is called a decedent's estate. The legal system in the United Systems works around attorneys and law firms.