Wake County Real Estate Deed Search

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Wake
• Control #: US-OG-544
• Format: Word; Rich Text

Description

This is a form of a Release of Lien for a Deed of Trust. A Wake North Carolina Release of Lien for Deed of Trust is a legal document that serves to release a lien on a property's deed of trust in Wake County, North Carolina. This release is granted by the lender or the beneficiary of the deed of trust once the loan has been fully repaid or when the terms of the loan have been satisfied, allowing the property owner to gain clear title to their property. In Wake County, North Carolina, there are different types of Release of Lien for Deed of Trust, depending on the specific circumstances and requirements. Some common types include: 1. Full Release of Lien: This type is typically used when the borrower has completely paid off the loan, satisfying all the terms and conditions agreed upon in the deed of trust. The lender acknowledges the fulfillment of the loan and releases all liens, allowing the property owner to have full ownership and control over the property. 2. Partial Release of Lien: In some cases, a borrower may have multiple properties listed under one deed of trust. If the borrower has successfully paid off a portion of the loan, they may request a partial release of lien. This type of release removes the lien placed on a specific property while keeping the remaining properties intact under the original deed of trust. 3. Conditional Release of Lien: When certain conditions are met, this type of release is executed. For example, a borrower may agree to fulfill certain obligations or meet specific requirements outlined by the lender to obtain the release of lien. Once these conditions are satisfied, the lien is released, and the property owner obtains clear title. 4. Final Release of Lien: This release is executed when a property owner has gone through a foreclosure process, and the lender has acquired the property. Once all legal proceedings are completed, the lender issues a final release of lien, indicating that they no longer have a claim or lien on the property, and the former owner's rights are terminated. It's crucial to understand the specific requirements and procedures involved in obtaining a Wake North Carolina Release of Lien for Deed of Trust. Seeking professional assistance, such as a real estate attorney or a reputable title company, is highly recommended ensuring compliance with local laws and regulations and to facilitate a smooth and legally valid release process.

A Wake North Carolina Release of Lien for Deed of Trust is a legal document that serves to release a lien on a property's deed of trust in Wake County, North Carolina. This release is granted by the lender or the beneficiary of the deed of trust once the loan has been fully repaid or when the terms of the loan have been satisfied, allowing the property owner to gain clear title to their property. In Wake County, North Carolina, there are different types of Release of Lien for Deed of Trust, depending on the specific circumstances and requirements. Some common types include: 1. Full Release of Lien: This type is typically used when the borrower has completely paid off the loan, satisfying all the terms and conditions agreed upon in the deed of trust. The lender acknowledges the fulfillment of the loan and releases all liens, allowing the property owner to have full ownership and control over the property. 2. Partial Release of Lien: In some cases, a borrower may have multiple properties listed under one deed of trust. If the borrower has successfully paid off a portion of the loan, they may request a partial release of lien. This type of release removes the lien placed on a specific property while keeping the remaining properties intact under the original deed of trust. 3. Conditional Release of Lien: When certain conditions are met, this type of release is executed. For example, a borrower may agree to fulfill certain obligations or meet specific requirements outlined by the lender to obtain the release of lien. Once these conditions are satisfied, the lien is released, and the property owner obtains clear title. 4. Final Release of Lien: This release is executed when a property owner has gone through a foreclosure process, and the lender has acquired the property. Once all legal proceedings are completed, the lender issues a final release of lien, indicating that they no longer have a claim or lien on the property, and the former owner's rights are terminated. It's crucial to understand the specific requirements and procedures involved in obtaining a Wake North Carolina Release of Lien for Deed of Trust. Seeking professional assistance, such as a real estate attorney or a reputable title company, is highly recommended ensuring compliance with local laws and regulations and to facilitate a smooth and legally valid release process.