The Bexar Texas Substitute Trustee's Deed is a legal document that transfers ownership of real property from a trust to a buyer when the trust has defaulted on its obligations. This type of deed is commonly used in foreclosure proceedings, where the trust has failed to make required mortgage payments. The keywords associated with Bexar Texas Substitute Trustee's Deed include Bexar, Texas, substitute trustee, deed, real property, trust, ownership, buyer, default, foreclosure, and mortgage payments. There are two main types of Bexar Texas Substitute Trustee's Deed: 1. Judicial Substitute Trustee's Deed: This type of substitute trustee's deed is issued after a foreclosure lawsuit has been filed and completed through the judicial system. The court appoints a substitute trustee to handle the sale of the property, and once the sale is completed, a judicial substitute trustee's deed is issued to transfer ownership to the buyer. 2. Non-Judicial Substitute Trustee's Deed: This type of substitute trustee's deed is issued when the foreclosure process occurs without involving the court system. It is commonly used when the deed of trust (the document securing the loan) includes a power of sale clause. The substitute trustee, typically appointed by the lender, conducts the foreclosure sale, and upon completion, a non-judicial substitute trustee's deed is issued to transfer ownership to the buyer. Both types of Bexar Texas Substitute Trustee's Deeds serve the purpose of transferring ownership of real property from a trust to a buyer in situations where the trust has defaulted on its obligations. These deeds ensure a transparent process for the sale and transfer of the property, protecting the rights of all parties involved.
Bexar Texas Substitute Trustee's Deed
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How to fill out Bexar Texas Substitute Trustee's Deed?
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