This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Modification Deed Trust Form For Uk In Philadelphia
State:
Multi-State
County:
Philadelphia
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Yes, but it is usually a good idea to have someone with a certain expertise in the field prepare it for you to make sure it is correct. Attorneys can perform this service for you. IMPORTANT: Employees of the Recorder of Deeds Office CAN NOT and WILL NOT prepare deeds for you.
Once a deed is recorded it cannot be changed. We recommend you consult a real estate attorney or title company to prepare a new deed. If a married couple held the property jointly as tenants by entireties and one spouse dies, it is not necessary to remove that spouse's name from the deed.
While it's possible to complete this process without a lawyer, consulting with one ensures that the deed update complies with local laws and is properly recorded, avoiding future complications.
To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records.
To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own. We also recommend that you get title insurance.
How can I obtain information on a property/copy of my deed? You may research or request a copy of a property in our public Reference Room located in City Hall, Room 154. Copies of deeds are $2.00 per page.
Pre-Registration of Deeds was rescinded as of December 9, 2008; however, some boroughs and townships still require registration of deeds after recording. It is the submitter's responsibility to take the deed to the municipality to be registered after it is returned to them from the Recorder of Deeds Office.
The Department of Records maintains recorded documents from the late 17th century to the present. These documents include: Deeds. Mortgages.
Work with a Real Estate Attorney in Pennsylvania In conclusion, transferring a property deed involves several steps that require careful attention to detail. By understanding these steps and seeking the assistance of a real estate lawyer, you can ensure that your property transfer goes smoothly.