[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Authority to Cancel Deed of Trust Dear [Recipient's Name], I hope this letter finds you well. I am writing to request your assistance with the cancellation of a Deed of Trust associated with the property located at [Property Address], in Dallas, Texas. I am the owner of the aforementioned property and have fulfilled all obligations outlined in the original Deed of Trust, dated [Date of Deed of Trust]. As per the terms stated in the Deed of Trust, I am hereby requesting the authority to cancel the document to release any liens or encumbrances associated with said property. I understand that your organization holds the mortgage and/or trustee responsibilities for the aforementioned property. Therefore, I kindly request that you provide me with the necessary documentation and instructions to proceed with cancelling the Deed of Trust. To ensure a smooth process, I have included the relevant details pertaining to the property and the Deed of Trust below: Property Details: — Property Address: [Property Address— - Legal Description: [Legal Description] — County: Dallas Count— - State: Texas Deed of Trust Details: — Original Deed of Trust Date: [Date of Deed of Trust] — Loan/Mortgage Account Number: [Account Number] — Current Balance: [Current Balance] I understand that there may be fees associated with the cancellation process, and I am willing to cover these expenses promptly. Kindly inform me of any relevant fees and provide the preferred payment method. Please note that I am aware that formal documentation will be required to proceed with the cancellation. Therefore, I kindly request that you send me a sample Deed of Trust Cancellation letter, specifically tailored to conform to the legal requirements of Dallas, Texas. I appreciate your prompt attention to my request as it is essential for finalizing this matter. Should you require any additional information or documentation related to this request, please do not hesitate to contact me at [Phone Number] or [Email Address]. Thank you for your assistance and cooperation. Sincerely, [Your Name]
Dallas Texas Sample Letter regarding Authority to Cancel Deed of Trust
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FAQ
In most cases, what makes a trust invalid is a problem with its creation. For instance, a trust might be legally considered invalid if it: Was created through intimidation or force. Was created by a person of unsound mind.
The Deed of Trust puts a lien on the property to secure the promise. The Warranty Deed transfers the property to the Buyer.
What Is an Irrevocable Trust? The term irrevocable trust refers to a type of trust where its terms cannot be modified, amended, or terminated without the permission of the grantor's beneficiary or beneficiaries.
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. It states that the home buyer will repay the loan and that the mortgage lender will hold the legal title to the property until the loan is fully paid.
Generally, it can't be revoked or amended in any way. Many times, a living Trust, or revocable Trust, will become irrevocable after one of your parents passes.
In Texas, a deed of trust, also known as a trust deed, is the commonly used instrument for the purpose of creating mortgage liens on real estate. A mortgage is an executed contract in which the legal or equitable owner of the real property pledges the title thereto as security for performance of an obligation.
A lis pendens gives public notice that the mortgaged property may soon have a judgment issued against it.
Can a declaration of trust be overturned? Generally the point in the document is so you cannot change your minds. However, you can update the document with the consent of both parties. If it is a big change, you should write a new deed.
One of the most attractive features of a revocable living trust is its flexibility: You can change its terms, or end it altogether, at any time. If you created a shared trust with your spouse, either of you can revoke it.
It is designed to safeguard against misunderstandings, disagreements, and people changing their minds, and as such it is not easily changed. That being said, circumstances do change, and if all parties who signed the original document give their consent then the Declaration of Trust can be amended or rewritten.
