CA Substitution of Trustee and Full Reconveyance 2007 free printable template

Recording Requested By When recorded mail document to NAME ADDRESS CITY STATE ZIP APN NO. Above Space for Recorder s Use Only SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE Whereas was the Original Trustor the original Trustee and Original beneficiary under that certain Deed of Trust dated and recordedas Instrument No. BookPage Official Records of the County of State of California and WHEREAS the undersigned present beneficiary desires to substitute a new Trustee under said Deed of Trust in...

How to fill out substitution of trustee and

How to fill out CA Substitution of Trustee and Full Reconveyance

1. Obtain the CA Substitution of Trustee and Full Reconveyance form from the appropriate state or county office.
2. Fill out the top section with the names and addresses of the current trustee and the new trustee.
3. Include the details of the loan, such as loan number, property address, and names of the borrower(s).
4. Indicate the reason for the substitution of the trustee.
5. Both the current trustee and the new trustee must sign the form in the designated areas.
6. Have the form notarized to validate the signatures.
7. File the completed form with the county recorder's office where the property is located.
8. Request that the Full Reconveyance document be issued once the trustee change is acknowledged.

Who needs CA Substitution of Trustee and Full Reconveyance?

1. Homeowners who are refinancing their mortgage or transferring their mortgage to a new lender.
2. Trustees who need to officially transfer responsibilities to another trustee.
3. Anyone involved in the sale or transfer of property who requires updating the trustee information.

People Also Ask about

Who signs substitution of trustee and full reconveyance?

The Substitution of Trustee and Full Reconveyance is signed by the present beneficiary and present Trustee under Deed of Trust, whose signatures are notarized.

Is a substitution of trustee and full reconveyance the same as a deed?

A document known as a substitution of trustee and full reconveyance identifies the person who has the authority to reconvey the property and remove the lien. Most importantly, a deed of full reconveyance, known as a satisfaction of mortgage in some states, transfers title back to the borrower.

What does a full reconveyance letter mean?

When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be notarized.

Why did I receive a full reconveyance letter?

Whether you get a deed of reconveyance, a full reconveyance or a satisfaction of mortgage document, it means the same thing: your loan has been repaid in full and the lender no longer has an interest in your property. In short, your home is finally all yours!

What do I do with a full reconveyance?

*To record the reconveyed deed, the property owner must go to the office of the Registrar-Recorder in which the property is located. For example, if the property is located in Los Angeles County, the reconveyed deed must be taken to the Los Angeles County Recorder's Office.

What does substitute trustee mean?

Legal Definition: The Trustee or Substitute Trustee is the authorized individual, acting as an agent of the court, who oversees the sale process and makes certain the property is sold in a fair and equitable manner.

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What is CA Substitution of Trustee and Full Reconveyance?

The CA Substitution of Trustee is a legal document used in California to appoint a new trustee to replace an existing one in a deed of trust. Full Reconveyance is the process by which the original lender (trustee) conveys the title back to the borrower after the debt secured by the deed of trust has been fully paid.

Who is required to file CA Substitution of Trustee and Full Reconveyance?

The party who is replacing the trustee (usually the lender or their authorized representative) must file the CA Substitution of Trustee. Full Reconveyance is generally filed by the lender or the original trustee once the loan is paid off.

How to fill out CA Substitution of Trustee and Full Reconveyance?

To fill out the CA Substitution of Trustee, include details like the names of the current and new trustees, the trustor, and the property description. For Full Reconveyance, include the trustee's name, the trustor's name, and a description of the property being reconveyed. Ensure all signatures are notarized.

What is the purpose of CA Substitution of Trustee and Full Reconveyance?

The purpose of CA Substitution of Trustee is to formally replace a trustee with a new one, ensuring proper management and execution of the deed of trust. Full Reconveyance serves to officially release the lien from the property, indicating that the borrower has fulfilled their debt obligation.

What information must be reported on CA Substitution of Trustee and Full Reconveyance?

Both documents must report the names and addresses of all parties involved (current trustee, new trustee, and trustor), the original loan details, a legal description of the property, the date of the documents, and signatures from all necessary parties.