Pennsylvania Sample Letter for Cancellation of Subject Deed of Trust

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Multi-State
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US-0739LTR
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Word; 
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Sample Letter for Cancellation of Subject Deed of Trust

Subject: Pennsylvania Sample Letter for Cancellation of Deed of Trust [Your Name] [Your Address] [City, State, ZIP Code] [Date] [Name of Recipient] [Recipient's Address] [City, State, ZIP Code] Subject: Cancellation of Deed of Trust — [Property Address] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request the cancellation of the subject Deed of Trust pertaining to the property at [Property Address]. This Deed of Trust was executed [Specify date of execution] and recorded in the office of the [County Recorder's Office] in [County], Pennsylvania in [Book number, page number] of the land records. I hereby affirm that the loan associated with this Deed of Trust, provided by [Lender's Name], has been fully satisfied and paid in full as of [Specify date of loan repayment]. As per the provisions outlined in the Deed of Trust, I request the immediate release and cancellation of this legal document. To ensure prompt and accurate processing of this cancellation request, I have enclosed the following documents for your reference and verification: 1. Copy of the fully executed Deed of Trust 2. Proof of loan satisfaction, such as a paid-in-full statement or a copy of the final payment receipt 3. Copy of the last recorded Deed of Trust, including any subsequent assignments, if applicable 4. Any additional documents required by your institution, as indicated by relevant guidelines or statutes I kindly request that you review the enclosed documents and initiate the cancellation process without delay. Once the cancellation has been finalized, please provide me with an official Cancellation of Deed of Trust, duly executed and acknowledged, for my records. Should you require any additional information or have any questions regarding this request, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I am more than willing to cooperate and supply any additional documentation necessary to expedite this cancellation process. I appreciate your attention to this matter and look forward to receiving the Cancellation of Deed of Trust in due course. Thank you for your prompt action on this request. Yours sincerely, [Your Name]

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FAQ

A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.

A Deed of Trust is not a typical deed. It does not transfer the ownership of real property in the usual sense. Instead, a Deed of Trust creates a lien on real property as security or collateral for a loan. If the loan is not repaid on time, the lender can foreclose on and sell the property in order to pay off the loan.

A trust deed is a legal agreement between you and your creditors to pay back part of what you owe over a set period. This is usually four years, but may vary.

A Deed to Trust form used to transfer the grantor's title and interest in real property in Pennsylvania to a trustee of a trust for the grantor's benefit. This standard document allows the drafter to choose between warranty and quitclaim deed language.

A Deed of Trust is an agreement between a borrower, a lender and a third-party person who's appointed as a Trustee. It's used to secure real estate transactions where money needs to be borrowed in order for property to be purchased.

More info

This form is a sample letter in Word format covering the subject matter of the title of the form. Related forms. Previous 2. Subject and Purpose: Clearly state the subject of the letter in a concise and informative manner. Explain that the purpose of the correspondence is to notify ...(Q) “Successor in Interest of Borrower” means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under ... Action by or against personal representative. § 3374. Death or removal of fiduciary. § 3375. Abatement of action for failure to take out letters. All notice given by either party in connection with this Trust must be in writing. Notice will be considered sufficient when mailed by first class or certified ... Attorney A includes in the payoff letter a reference to N.C.G.S. 45-36.3(a)( ... in the cancellation of the deed of trust before closing the file? Opinion #3 ... Jan 27, 2011 — A cancellation letter should be presented to the lender along with the check. In addition, because a cancellation letter can disappear from the ... deed if the rescission, cancellation or abandonment is for no or nominal consideration or the remaining term of the lease or contract is less than 30 years. - NOTE: This title cancellation application must be made within 35 days from the date the Pennsylvania Certificate of Title was issued. Complete Sections A, B ... All notice given by either party in connection with this Trust must be in writing. Notice will be considered sufficient when mailed by first class or certified ...

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Pennsylvania Sample Letter for Cancellation of Subject Deed of Trust