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.
Deed Of Trust Records For Rental Income In Salt Lake
State:
Multi-State
County:
Salt Lake
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
An irrevocable trust offers your assets the most protection from creditors and lawsuits. Assets in an irrevocable trust aren't considered personal property. This means they're not included when the IRS values your estate to determine if taxes are owed.
There are several types of assets that should not be included in trusts for various reasons: Individual retirement accounts (IRAs) and 401(k)s. Health savings accounts (HSAs) and medical savings accounts (MSAs). Life insurance policies. Certain bank accounts. Motor vehicles. Social Security benefits.
You transfer your home to the trust by signing a deed that names the trust as the new owner of the property. The deed then needs to be recorded with the local county recorder's office. Once recorded, the trust is now "on title" as the legal owner of the property.
Transferring Personal Property to a Trust Create a Transfer Document. If you've created a Trust with one or more beneficiaries, to transfer your Personal Property to those Trustees you'll need to first create a Transfer Document. Make a List of Personal Items. Name Beneficiaries of Your Personal Property. Sign the Document.
If the title stays with the borrower this is the definition of Lien Theory and results in a non-judicial foreclosure with the Power of Sale being entrusted to a Trustee and not the lender. In a Judicial/Mortgage foreclosure, the Title is held by the lender. Utah is known as a Trust Deed and Promissory Note state.
Documents recorded with the Maricopa County Recorder's Office are available and searchable through the Maricopa County Recorded Document Search. To locate a copy of your deed, search using your last name and first name. If you know when you recorded your document, you can use the dates to narrow your search.
Contact the County Recorders Office for the county in which the property is located. with any licensing boards overseeing the trade. Some records may be held at the Arizona State Archives.
A deed is signed only by the grantor(s), not the grantee. A deed does not have to be recorded to be valid, but recording is very common. Bailey Law Firm advises clients on what deed is appropriate for their circumstance.
Deeds. These are recorded copies of various types of deeds registered with the county recorder that show land ownership and changes to land ownership. Deeds and their indexes, most commonly Grantor and Grantee indexes recording land transfer, are available through the county recorders' offices.
More info
The Recorder's Office provides SLCo residents with several services and helpful resources to help you research and protect your property. The Recorder's Office is the official record keeper of documents recording property ownership and changes.Salt Lake County Recorder provides access to public information about records and recording in the County of Salt Lake. The County Recorder's Office will reflect record title in the named trustee(s) identified in the originating document as trustee(s) of the named. Most office supply stores carry blank deed forms. The Recorder's office does not have forms of any kind and cannot make or fill out documents for you. What can I do to protect myself from a lien or what do I do if there is a lien on my property? Document must have a title at the top. There must be adequate room on the margin to affix recording data. The real property identified in the trust deed acts as collateral.