US Legal Forms
Change or Modification Agreement of Deed of Trust

Deed Of Trust For Form 17 In Collin

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Collin

Control #:

US-00183

Format:

Instant download

Description

The Deed of Trust for Form 17 in Collin is a legal instrument designed to modify existing mortgage or deed of trust agreements between borrowers and lenders. This Modification Agreement formally acknowledges the conditions of the debt secured by the original Security Instrument. Key features include the renewal and extension of the lien, borrower acknowledgment of the lien's validity, and terms outlining the payment structure for the modified debt. It specifies the obligations and rights of all parties involved, including provisions for late payments and borrower protections, such as the right to prepay. Users, such as attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form to ensure legal compliance and protect creditor rights while facilitating modifications to existing loans. Clear instructions are provided for filling out the form, including sections for borrower information, payment terms, and necessary signatures. Overall, this document is essential for managing modifications in loan agreements effectively and ensuring all parties are well-informed of their rights and responsibilities.

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FAQ

The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.

Land Records and more: Contact the County Clerk for deeds, foreclosures, liens, public notices, marriage licenses, birth certificates and other vital records, beer & wine applications, cattle brands, and business registrations (DBA's/Assumed Names).

If the project is located in Collin county, then yes, you will want to record your lien with the Collin County, Texas Clerk's office.

Transferring real estate to a living trust in Texas involves signing a deed that transfers the interest in the property to the trust and then recording this deed with the county to formalize the transfer. A wide range of financial accounts, including bank accounts, can also be transferred to a living trust.

WHERE DO I RECORD THE DEED? After the deed has been signed and notarized, the original needs to be filed and recorded with the county clerk in the county where the property is located. You can mail the deed or take it to the county clerk's office in person. Only original documents may be recorded.

Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.

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 ...