South Carolina Sample Letter for Land Deed of Trust

State:
Multi-State
Control #:
US-0150LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Land Deed Of Trust?

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FAQ

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.

Hear this out loud PauseAs of now, South Carolina law does not permit the use of TOD deeds to transfer ownership of real estate. Instead, other estate planning tools, such as joint tenancy or a living trust, can be used to avoid probate for real estate.

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.

Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateOregonYPennsylvaniaYRhode IslandYSouth CarolinaY47 more rows

A South Carolina deed of trust designates a trustee as a property's legal owner until the original owner's (the ?borrower?) debt to a lender is paid. Property conveyed in a deed of trust is returned to the borrower once the loan made via a promissory note is settled.

Hear this out loud PauseThe Register of Deeds provides copies at a cost of 50 cents per page for deeds and 50 cents for plats. You can come into the Register of Deeds Office and bring with you the physical address to the property or current owners name.

There is no law that says an individual cannot draw up his or her own Deed or other document but it is better to seek the advice of an attorney unless you are sure you know how to do this yourself.

Hear this out loud PauseTo transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

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South Carolina Sample Letter for Land Deed of Trust