Get the free Cancelling Deed of Trusts - Davidson County, NC template

GENERAL ASSEMBLY OF NORTH CAROLINA 1989 SESSIONCHAPTER 434 HOUSE BILL 1023AN ACT TO MAKE IT CLEAR THAT THE REGISTER OF DEEDS MAY CANCEL MORTGAGES UPON RECEIPT OF A NOTICE OF SATISFACTION. The General

How to fill out cancelling deed of trusts

How to fill out cancelling deed of trusts

1. Obtain a copy of the deed of trust that needs to be cancelled.
2. Prepare a deed of cancellation form, including details such as the original deed of trust reference number, names of parties involved, and the reason for cancellation.
3. Sign the deed of cancellation in front of a notary public.
4. Submit the signed deed of cancellation to the appropriate office or authority for recording and verification.
5. Notify all relevant parties of the cancellation of the deed of trust.

Who needs cancelling deed of trusts?

1. Individuals or entities who have paid off a loan or mortgage and need to remove the deed of trust associated with it.
2. Property owners who want to clear the title of their property from any encumbrances.

What is Cancelling Deed of Trusts - Davidson County, NC Form?

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What is cancelling deed of trusts?

A cancelling deed of trust is a legal document used to terminate or release a previously established deed of trust, eliminating the lien on the property.

Who is required to file cancelling deed of trusts?

The party that holds the beneficial interest in the deed of trust, typically the lender or trustee, is required to file the cancelling deed of trust.

How to fill out cancelling deed of trusts?

To fill out a cancelling deed of trust, include the names of the parties involved, a description of the property, the original deed of trust details, and a statement indicating the deed of trust is being cancelled.

What is the purpose of cancelling deed of trusts?

The purpose of cancelling a deed of trust is to legally remove the lien from a property, indicating that the debt secured by the deed has been paid or is no longer enforceable.

What information must be reported on cancelling deed of trusts?

Information that must be reported includes the names of the borrowers, the lender or trustee, a description of the property, the original deed of trust recording information, and the date of cancellation.