Idaho Sample Letter regarding Authority to Cancel Deed of Trust [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title/Company Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Authority to Cancel Deed of Trust Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to request your assistance in canceling a Deed of Trust that was recorded against my property in [County], Idaho, on [Date]. I, [Your Name], am the legal owner of the property located at [Property Address], which is secured by the aforementioned Deed of Trust. The Deed of Trust was executed to secure a mortgage loan from [Lender's Name], and it was recorded in the office of the [County] County Recorder. Considering that I have fulfilled all obligations and the mortgage loan has been fully satisfied, I am seeking your authority to cancel the Deed of Trust on my behalf. In accordance with the Idaho Code § 55-603, which allows the beneficiary or an authorized agent to cancel a Deed of Trust, I hereby authorize and request you to cancel the Deed of Trust referenced above. I have enclosed copies of the necessary documents, including the original Deed of Trust, the Promissory Note, and any other relevant documentation for your review. Kindly complete the cancellation process as per the Idaho Code § 55-603 and provide me with the necessary paperwork, including a Recorded Release or a Cancellation of Deed of Trust, proving that the Deed of Trust has been canceled and the mortgage lien has been released from public records. I would appreciate your prompt attention to this matter. If you have any questions or require further information, please do not hesitate to contact me via the details provided above. Thank you for your cooperation and support in canceling the Deed of Trust. Your assistance is greatly appreciated. I look forward to receiving the confirmed cancellation document at your earliest convenience. Sincerely, [Your Name]
Idaho Sample Letter regarding Authority to Cancel Deed of Trust
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FAQ
The trustee of a trust deed may be any member of the Idaho state bar, any bank or savings and loan association authorized to do business under the laws of Idaho or the United States, an authorized Idaho authorized trust institution or any corporation authorized to conduct a trust business under the laws of the United ...
Idaho does not allow real estate to be transferred with transfer-on-death deeds.
A legal document that creates a trust, giving a person or organization the right to manage money or property for someone else, and says how this should be done: The trust deed stated clearly what they were entitled to do with the property.
Although about 60% of the US states are mortgage states, Idaho is considered a deed state. A deed of trust is an agreement between a beneficiary, grantor, and trustee. A deed is signed to a trustee as a form of security to ensure that the performance of obligation is fulfilled.
Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...
An Idaho deed of trust is a form used to record a mortgage interest in a given property. If it is properly recorded with the county recorder, it will prevent the property from being sold without first having the loan paid off.
