Dear [Recipient's Name], I am writing this letter to officially request the cancellation of the Deed of Trust associated with property located in Mecklenburg County, North Carolina. This request is being made in full compliance with the applicable laws and regulations governing real estate transactions in Mecklenburg County. In order to initiate the process of cancelling the Deed of Trust, I hereby provide the necessary information related to the property: Property Address: [Full address of the property] Property Owner: [Your name] Original Lender: [Name of the original lender] Loan Number: [Loan number if applicable] Date of Execution: [Date the Deed of Trust was executed] This cancellation request is being made for the following reasons: 1. Loan Repayment: I have successfully repaid the loan associated with the property in question, and there are no outstanding balances or obligations remaining with the original lender. 2. Satisfactory Performance: The terms and conditions outlined in the Deed of Trust have been fulfilled and complied with in a satisfactory manner. All payments and obligations have been met within the agreed-upon timelines. 3. Legal Requirement: Based on the regulations set forth by the Mecklenburg County authorities, it is mandatory to cancel the Deed of Trust document upon the full repayment of the loan. I have fulfilled all requirements and hereby request the cancellation to be processed accordingly. To facilitate the prompt cancellation of the Deed of Trust, I have enclosed the following documents: 1. Fully executed and notarized original Deed of Trust document 2. Proof of loan repayment (e.g., bank statements, payment receipts, or any applicable payment confirmation) Furthermore, I kindly request that all necessary administrative and legal steps be taken to record the cancellation of the Deed of Trust in the official records of Mecklenburg County. This includes updating the ownership records and releasing any liens or encumbrances associated with the property. I appreciate your prompt attention and action regarding this matter, as it is crucial to clear any existing clouds on the title and ensure the property's marketability. Please confirm the receipt of this letter and the associated documents, as well as provide an estimated timeline for the cancellation process. Should you require any further information or documentation, please do not hesitate to contact me at [Your contact number] or [Your email address]. I look forward to a speedy resolution regarding this cancellation request. Thank you for your cooperation and assistance in this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code]
Mecklenburg North Carolina Sample Letter regarding Cancellation of Deed of Trust
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How to fill out Mecklenburg North Carolina Sample Letter Regarding Cancellation Of Deed Of Trust?
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FAQ
If the loan is completely paid off (either before or at the end of the loan term), the Trustee is responsible for dissolving the Trust and transferring the legal title over to the new owner (the borrower).
When you pay off a mortgage, the original deed of trust is sent back to you by the mortgage holder marked ?paid? or ?cancelled.? This process usually takes up to 60 days, but because deeds are public records, you can check on the progress with your county registrar.
It is the responsibility of the owner or noteholder to cancel the Deed of Trust in the county where it was recorded. There is NO FEE to cancel a note. The borrower can contact the Register of deeds office to verify that the loan has been marked satisfied or canceled before requesting a copy of the record.
The public is able to access documents, such as deeds, birth and death certificates, military discharge records, and others through the register of deeds. There may be a fee to access or copy public records through the register of deeds.
??Register of Deeds The Register of Deeds is elected by the people and serves a four-year term. This office records, indexes, and stores all real estate and business related documents that are presented for registration.
To look at a deed you can: Go to your Register of Deeds Office and look at the document there. Find your Register of Deeds in: Your phone book under county government. The NC Directory of State and County Officials:Look it up online. Many counties have their real property (land) records online. Go to the county website.
A trust deed could help you reach financial stability. This means, it could help pay off all your unsecured debt. Your trustee will decide an affordable monthly payment amount. This will exclude your disposable income and your living expenditure.
A deed of trust is satisfied when the debt it secures is paid or when the obligation it secures is fulfilled. A deed of trust is no longer a lien on the property if the debt or obligation it secures has been satisfied but it will remain a cloud on title until removed from the chain of title.
You can obtain Official Copies of the Title Register, Title Plan and Filed Deeds directly from the Land Registry only by making a postal application using either form OC1 (for the Title Register and/or Title Plan) or form OC2 (for Filed Deeds). You cannot obtain Official Copies directly from the Land Registry online.
All real estate records are public records and are available for inspection between the hours of 8 a.m. and 5 p.m. Monday through Friday. The Register of Deeds Office is located in the County and Courts Office Building, 720 East Fourth Street, Charlotte, NC 28202.
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