US Legal Forms
Change or Modification Agreement of Deed of Trust

Form 17 Deed Of Trust Example In Salt Lake

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Salt Lake

Control #:

US-00183

Format:

Instant download

Description

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.

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How to File a Quitclaim Deed in Utah Step 1: Reference the Original Deed. Step 2: Consult an Attorney. Step 3: Complete the Quitclaim Deed. Step 4: Complete the Water Rights Addendum. Step 5: Sign and Notarize. Step 6: File with the County Recorder.

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.

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.

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.

A deed of trust will include the same type of information stated in a mortgage document, such as: The identities of the borrower, lender, and trustee. A full description of the property to be placed in trust. Any restrictions or requirements on the use of the property while it is in trust.

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 ...

Optional form of transfer on death deed. This form must be recorded before your death or it will not be effective. The beneficiary must be a named person. At my death, I transfer my interest in the described property to the beneficiaries as designated above. Before my death, I have the right to revoke this deed.

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Learn more about the Utah code requirements and necessary fees to record a document. Salt Lake County Deed of Trust Form.Fill in the blank form formatted to comply with all recording and content requirements. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of. As such, this Deed of Trust covers all items of the Collateral that are personal property including all items which are to become fixtures. Salt Lake City, UT 84101-1345. Complete the DPA closing packet. (This includes a recorded trust deed, notice of default, and promissory note). You need to get a solicitor to draft a Deed of Trust first to vary the percentages of your beneficial ownership.

Form 17 Deed Of Trust Example In Salt Lake

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How do I file a quit claim deed in Utah?

Does Utah use a deed of trust?

How do I transfer my property into a trust in Utah?

How do I get a deed of trust?

How to prepare a deed of trust?

What is an example of a Trust Deed?

Does Utah have a beneficiary deed?

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