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An All Inclusive Deed of Trust (AIDOT) is an instrument made that encompasses an existing encumbrance (mortgage/Deed of Trust (DOT) with new terms irrespective of the existing [underlying] promissory note and DOT.
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What is an all inclusive trust deed?
An All Inclusive Deed of Trust (AIDOT) is an instrument made that encompasses an existing encumbrance (mortgage/Deed of Trust (DOT) with new terms irrespective of the existing [underlying] promissory note and DOT.
Is a deed of trust a secruity instrument?
Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.
What are some benefits to putting a deed into a trust?
A trust deed is a document that lists all the beneficiaries and rules for how the trust is managed and how the trustees can distribute everything that is in that trust, which also includes who and when they get it.
All inclusive note and deed of trust v note and deed of trust?
When you purchase a home by borrowing money the lender has you sign a Note which explains the terms under which you are borrowing the money i.e. amount borrowed, interest rate, first payment date, all due and payable date, etc. The Note is your I promise to pay agreement with the lender. That Note is then secured by recording a Deed of Trust against the property - this creates a lien securing the lenders interest in your property. The language of the Deed of Trust is legal boilerplate language stating how much the lenders lien is, telling you to keep the property insured, maintained, your payments made and how they will foreclose if you don't. This is recordered at the County Recorders office. Now let's say that you want to sell your house and the buyer doesn't have the ability to obtain conventional financing - so they ask you to carry the Note and you agree. An All-inclusive Note would have to be signed by your buyer wherein it states the how much they owe you, the terms of your agreement with them as far as interest and payments. This Note also has to state the terms of the loan you already have on the property - because you are not paying it off - you are "wrapping" this new agreement around it. So there payment to you will then make your payment on your loan and any difference would be yours to keep. The property is deeded to your buyer - therefore your interest in the property and your Note is secured by an All-inclusive Deed of Trust which is recorded at the County Recorders office. This All-inclusive Deed of Trust secures your interest and gives you the ability to foreclose and take back the property should the buyer not make their payments.
Can supplementary deed supersede trust deed?
The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.
How do you nullify a deed of trust?
Only a judge can nullify a deed of trust by issuing a court order to that effect.Only a judge can nullify a deed of trust by issuing a court order to that effect.Only a judge can nullify a deed of trust by issuing a court order to that effect.Only a judge can nullify a deed of trust by issuing a court order to that effect.
What is the difference between a Deed and a Deed Of Trust?
A deed is the instrument used to transfer title to real estate. A deed of trust transfers property to someone to be held in trust for another. A deed of trust can have different meanings in different jurisdictions. In some states a deed of trust has the effect of a mortgage. A trustee holds the property until the debt has been paid. In other jurisdictions a deed of trust is a deed that transfers real property to a trustee who will hold title to the property indefinitely according to the terms of the trust. The trust may be one that was created in a separate instrument that is referenced in the deed or the trust may be set forth in the deed itself.
How do you get your original deed of trust note?
If you want to get your original deed of trust note, it will need to be obtained from the trustee. A deed of trust is a document that secures a loan with real property.
Who can amend the clauses of a deed of trust?
A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.
If the holder of second trust deed forecloses first does it have to pay off the full amount owed to the first trust deed?
If the holder of the second mortgage, or deed of trust, forecloses, that lender takes the property subject to the first mortgage or deed of trust.
Can a trust exist where there is no trust deed?
A court can impose a trust on equitable grounds against someone who obtained property through wrongdoing. The wrongdoer is reduced to a trustee and the title is restored in the rightful owner. This is called a constructive trust. Generally, a trust exists by virtue of a document that sets forth the provisions of the trust, names the trustee(s) and adheres to the state requirements for a valid trust. That document is commonly called a Declaration of Trust. A trust exists independently whether it owns property or not. Any property that is to be held in trust by the trustee must be transferred to the trust. If that property is real estate, the owner must execute a deed that transfers title to the trustee of the trust. By doing so the owner is giving up ownership. If there is no deed to the trustee then the real estate is not part of the trust property. The deed to the trustee is referred to as a trust deed or deed of trust. When the property is transferred out of the trust by the trustee that deed is called a trustee's deed. In some jurisdictions a trust deed or deed of trust is the term used to describe a mortgage.
Who has a right to mineral interest in a life estate in Texas where there is no will?
Depends on how it is written in the deed or if you are referring to a deed at all, are you referring to a trust?
