Deed Of Trust With Promissory Note In Broward

State:
Multi-State
County:
Broward
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Trust with Promissory Note in Broward serves as a crucial legal document that outlines the terms of a loan secured by real property. This form includes vital details such as the borrowing party, the lender, and the modified payment terms of the previous obligation. It allows for the renewal and extension of the existing lien against the property and specifies the rights and responsibilities of all parties involved. Users must thoroughly fill in information regarding the debt, property, and payment schedule to ensure accuracy. Additionally, the document provides a framework for late payments, defaults, and the potential for prepayment without penalty. For attorneys and legal professionals, this form is essential in securing financing agreements and addressing modifications, while also offering clarity on borrower obligations and rights. It serves paralegals and legal assistants by providing a clear structure for document preparation and compliance with local laws. This form is particularly beneficial for owners and partners in real estate, as it ensures the protection of their interests in real estate transactions.
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  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

ERecording is the secure online submission of documents to the County's Records, Taxes, and Treasury Division for recording in the Official Records of Broward County. eRecording eliminates the need to mail documents or have walk-in customers visit the recording office, which saves time for our customers.

An assignment in a deed of trust is a legal transfer of the lender's interest in the security instrument (the deed of trust) to a new party (the assignee). The assignor (current lender) transfers all rights, title, and interest in the deed of trust to the assignee, who becomes the new lender of record.

— The following instruments, documents, and papers shall be exempt from the documentary stamp tax: "(a) Bonds, debentures, and certificates of indebtedness issued by the Government of the Republic of the Philippines, or the government of any province, city, or municipality.

The tax on promissory notes is calculated at the same rate as mortgages, $0.35 per $100 of the note amount. Example Calculation: Note Amount: $50,000. Doc Stamp Rate: $0.35 per $100.

County Records can be reached at 954-831-4000. Reviewing and obtaining a copy of your deed on County Records website is simple: go to and select your search criteria. Documents matching these criteria will be displayed and you can print a copy of the document you select.

Some homeowners like having their original deed on hand for reference, but it's not necessary. If you ever lose your deed or need to access it, you can request a copy of it from the town clerk, and you do not need to present the original copy when you sell or refinance your house.

The deed, when recorded, became a permanent part of the County property records. If you should lose your original deed, you may obtain a certified copy of your deed from the County Recorder in which the land is located. A county certified copy can be used in the place of the original.

If the deed is lost or misplaced and the homeowner needs the original document, a property owner can simply request, from the County recorder, a certified copy of the recorded document either in-person or by mail. In most instances, a certified copy has the same legal significance as the original document.

When a deed of trust is used as a security instrument, who holds the deed and the note? The trustee holds the deed, and the lender holds the note.

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Deed Of Trust With Promissory Note In Broward