King Washington Partial Release of Deed of Trust

• Category: Releases and Waivers - Real Estate
• State: Multi-State
• County: King
• Control #: US-61437
• Format: Word; Rich Text

Description

This form is a partial release. A bank releases from a certain deed of trust a particular piece of property described in the document. However, the form provides as to all other property covered by the deed of trust, the lien remains in full effect. A King Washington Partial Release of Deed of Trust is a legal document executed to release a portion of a property from a previously recorded deed of trust. This document allows a borrower to free up a specific portion of the property from the very encumbrance of the deed of trust, while the remaining portion continues to be subjected to the mortgage. In King County, Washington, there are different types of King Washington Partial Release of Deed of Trust, which may include: 1. King Washington Partial Release of Deed of Trust — Principal Reduction: This type allows the borrower to reduce the principal amount owed on the property by releasing a specific portion of the collateral from the deed of trust. By releasing this portion, the borrower can effectively reduce their loan balance, potentially leading to lower monthly mortgage payments. 2. King Washington Partial Release of Deed of Trust — Property Division: In cases of property division or partition, this type of partial release enables the separation of legally defined portions of the property from the original deed of trust. This is often used during divorces or property disputes where co-owners seek to divide their assets. 3. King Washington Partial Release of Deed of Trust — Easement Creation: This variant is employed when an easement needs to be created on a property that already has a deed of trust. By releasing a portion of the property from the deed, the easement can be established, granting the right to use a specific area of the property for access or utility purposes, for instance. 4. King Washington Partial Release of Deed of Trust — Subdivision Development: Developers may utilize this type of partial release to facilitate the subdivision of a larger property. By releasing portions of the land from the deed, developers can create separate lots or parcels that can be sold or developed independently. It is important to note that the specifics of a King Washington Partial Release of Deed of Trust may vary depending on the terms agreed upon by the parties involved, local regulations, and the purpose of the release. It is recommended to consult with a professional, such as an attorney or a title company, to ensure compliance and proper execution of the document.

A King Washington Partial Release of Deed of Trust is a legal document executed to release a portion of a property from a previously recorded deed of trust. This document allows a borrower to free up a specific portion of the property from the very encumbrance of the deed of trust, while the remaining portion continues to be subjected to the mortgage. In King County, Washington, there are different types of King Washington Partial Release of Deed of Trust, which may include: 1. King Washington Partial Release of Deed of Trust — Principal Reduction: This type allows the borrower to reduce the principal amount owed on the property by releasing a specific portion of the collateral from the deed of trust. By releasing this portion, the borrower can effectively reduce their loan balance, potentially leading to lower monthly mortgage payments. 2. King Washington Partial Release of Deed of Trust — Property Division: In cases of property division or partition, this type of partial release enables the separation of legally defined portions of the property from the original deed of trust. This is often used during divorces or property disputes where co-owners seek to divide their assets. 3. King Washington Partial Release of Deed of Trust — Easement Creation: This variant is employed when an easement needs to be created on a property that already has a deed of trust. By releasing a portion of the property from the deed, the easement can be established, granting the right to use a specific area of the property for access or utility purposes, for instance. 4. King Washington Partial Release of Deed of Trust — Subdivision Development: Developers may utilize this type of partial release to facilitate the subdivision of a larger property. By releasing portions of the land from the deed, developers can create separate lots or parcels that can be sold or developed independently. It is important to note that the specifics of a King Washington Partial Release of Deed of Trust may vary depending on the terms agreed upon by the parties involved, local regulations, and the purpose of the release. It is recommended to consult with a professional, such as an attorney or a title company, to ensure compliance and proper execution of the document.