Sample Deed Forms are forms and legal documents used when transferring a real property. These forms are defined as an important tool, signed by a notary, which contains covenant or contract delivered by a person who is legally bound to do so for the grantee.
An example of a Deed Form is the Deed of Trust Form. Typically used in the real estate, it is used for the transfer of property. Collaboration between three parties may be involved in this deed and this includes the borrower, the lender, and the trustee of the property. Personal information about these parties must be included on the form.
We have sample Trust of Deed Forms provided below in which you can download and fill them out for free for your personal and future intents.
Trust Deed Note Form
Trust Deed Release Form
Trust Transfer Deed Form
Blank Deed of Trust Form
Warranty Deed Forms are forms used wherein a grantor offers the guarantee of holding a clear title on his property or real estate that is to be conveyed to the grantee. While the Quitclaim Deed Forms are the forms used in which it refers to a legally binding document that allows for the transfer of interest between two parties in a real estate deal.
Deeds of Trust Purpose
A Deed of Trust, like a mortgage, guarantees real property to secure a loan. It is used instead of a mortgage in certain states. A Deed of Trust involves three parties, namely:
- Trustor – Also know as the borrower
- Beneficiary – Also known as the lender
- Trustee – The main job of a trustee is to sell the property at public auction if the trustor evades on payments. They are an independent third party that holds “bare” or “legal” title to the property.
Deed of Trust Transfers
When a Deed of Trust is transferred from one party to another, it must be documented and recorded in the county records. An Assignment of Deed of Trust is the document used to transfer a Deed of Trust from one beneficiary to another.
Real Estate Deed of Trust Form
Printable Deed of Trust Form
Simple Deed of Trust Form
Deed of Trust Form in PDF
A person called a Trustee will be named in the document to control the distribution of assets in a Sample Will and Trust Forms according to the wishes of the Trustor in accordance with the trust document and its mandates.
Deed of Trust Foreclosures
A nonjudicial foreclosure process is typically used in states that use Deeds of Trust. The lender can foreclose in a nonjudicial foreclosure without going to court so as long as the Deed of Trust contains a power of sale clause. State law lays out the requirements for nonjudicial foreclosures, and nonjudicial foreclosures tend to be much quicker than judicial foreclosures.
How to Determine if You Have a Mortgage or a Deed of Trust
A mortgage and a deed of trust’s distinctness can affect homeowners only when foreclosure is an issue. To find out whether a mortgage or deed of trust was used to secure your home loan, you can:
- Look at the documents you received when you closed escrow on your house
- Contact your mortgage service provider; they are usually the company to whom you make your payments
- Pull up the recorded document from your local land records office; sometimes these records are available online
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