Idaho Letter to Recording Office for Recording Assignment of Mortgage
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How to fill out Letter To Recording Office For Recording Assignment Of Mortgage?
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FAQ
Idaho's basic recording law is found in title 55, chapter 8, of the Idaho Code. The main reason why recording is so important is that the proper recording of a document gives the public notice of the content of the document. This principle is known as ?constructive notice,? and is provided for in Idaho Code § 55-811.
While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy.
Recording the deed to a property gives an owner protection from any other titles to the property that are not recorded in the public record.
The recording fees in Idaho are as follows: Deeds (if 30 pages or less) are $15. Deeds of Trust or Mortgages are $45. Each additional page beyond 30 pages is $3 a page.
A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership. In real estate transactions, a deed is usually delivered at closing.
A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership.
Making sure that your property deed is properly recorded is one of the single most important actions you can take to protect your legal rights and assets. This is because your deed is the only way to prove that you are the true legal owner of your own house or investment property.
