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How to fill out substitution-of-trustee-and-deed-of-reconveyance

How to fill out substitution-of-trustee-and-deed-of-reconveyance
01
Obtain a copy of the substitution of trustee form from your mortgage lender or county recorder's office.
02
Fill out the form completely, providing the current trustee's information as well as the new trustee's information.
03
Have the form notarized to make it legally binding.
04
Submit the completed form to the county recorder's office for recording.
05
Fill out the deed of reconveyance form once the loan has been paid off in full.
06
Provide all necessary information, including the original loan details and the trustee's information.
07
Have the deed of reconveyance notarized and submit it to the county recorder's office for recording.
Who needs substitution-of-trustee-and-deed-of-reconveyance?
01
Homeowners who have paid off their mortgage and need to transfer the property title from the trustee back to themselves.
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What is substitution-of-trustee-and-deed-of-reconveyance?
Substitution of trustee and deed of reconveyance is a document used in real estate transactions to change the trustee of a property and convey ownership back to the borrower once a loan has been fully paid off.
Who is required to file substitution-of-trustee-and-deed-of-reconveyance?
The lender or their authorized agent is typically required to file the substitution of trustee and deed of reconveyance.
How to fill out substitution-of-trustee-and-deed-of-reconveyance?
The form should be filled out with the details of the original loan, the borrower, the property, and the new trustee. It must then be signed and notarized.
What is the purpose of substitution-of-trustee-and-deed-of-reconveyance?
The purpose is to officially transfer the property back to the borrower once the loan has been fully paid off and to appoint a new trustee to handle any future issues.
What information must be reported on substitution-of-trustee-and-deed-of-reconveyance?
The form typically requires details such as the original loan amount, borrower's information, property details, new trustee information, and dates of loan repayment.
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