This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Los Angeles California Authority to Release of Deed of Trust is a legal document that signifies the release and satisfaction of a mortgage or deed of trust on a property located within Los Angeles County, California. This document is crucial for both homeowners and lenders as it officially acknowledges the full repayment of the mortgage debt and removes any liens or encumbrances on the property. The Los Angeles California Authority to Release of Deed of Trust is typically issued by the lender, also known as the beneficiary, once the borrower (also known as the trust or) successfully fulfills their mortgage obligations, including the complete repayment of the loan amount and any accrued interest. The document is recorded with the County Recorder's Office to provide public notice that the property is no longer encumbered by a mortgage or deed of trust. Keywords: Los Angeles California, Authority to Release of Deed of Trust, legal document, mortgage, deed of trust, property, Los Angeles County, repayment, liens, encumbrances, homeowner, lender, beneficiary, trust or, loan amount, interest, County Recorder's Office, public notice. Types of Los Angeles California Authority to Release of Deed of Trust: 1. Full Release of Deed of Trust: This type of release is issued when the borrower has paid off the entire mortgage debt, including any outstanding principal, interest, and fees. It effectively extinguishes the lender's claim on the property and allows the homeowner to gain clear title. 2. Partial Release of Deed of Trust: In certain cases, a property secured by multiple loans may undergo partial releases. This occurs when a portion of the mortgage debt is paid off, and the lender releases the corresponding portion of the property from the deed of trust. The remaining loans will still continue to encumber the property until they are fully repaid. 3. Re conveyance: In some situations, a reconveyance document is used instead of an authority to release of deed of trust. A reconveyance is typically issued when the borrower has fulfilled their mortgage obligations, and the lender transfers the title of the property back to the borrower, signifying that the mortgage has been satisfied. 4. Satisfaction of Mortgage: Although not specific to Los Angeles County, the term "satisfaction of mortgage" is often used interchangeably with the authority to release the deed of trust. This document serves the same purpose as a release of deed of trust, signifying the repayment of the mortgage debt and removing any encumbrances on the property. However, it may be used in jurisdictions where "deed of trust" is not the primary instrument of security for mortgage loans.
