A Tarrant Texas Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest is a legal document that allows for the release of a portion of the property from a mortgage or deed of trust, specifically pertaining to an undivided leasehold interest. This type of release is commonly used when a property owner wants to sell or transfer a portion of their leasehold interest while still keeping a portion encumbered by the mortgage or deed of trust. Keywords: Tarrant Texas, partial release, mortgage, deed of trust, undivided leasehold interest, legal document, property owner, seller, transfer, encumbered. There are two common types of Tarrant Texas Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest: 1. Partial Release of Mortgage on Undivided Leasehold Interest: This type of release applies when a mortgage is placed on a property with an undivided leasehold interest. When an individual or entity wants to sell or transfer a portion of their leasehold interest, they can request a partial release of the mortgage. This document enables the lender to release the mortgage on that specific portion, while still maintaining the mortgage on the remaining leasehold interest. 2. Partial Release of Deed of Trust on Undivided Leasehold Interest: Similar to the above, this type of release occurs when the property is encumbered by a deed of trust. It allows the property owner to release a portion of the undivided leasehold interest from the deed of trust, enabling the transfer or sale of that specific portion. The remaining undivided leasehold interest will remain subject to the deed of trust, ensuring ongoing collateral for the lender. In both cases, a Tarrant Texas Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest provides a solution for property owners who wish to sell or transfer a portion of their leasehold interest while keeping the remaining portion encumbered by the mortgage or deed of trust. This legal document ensures proper documentation and protection for all parties involved in the transaction.
Tarrant Texas Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest
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