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Does a rider to a Deed of Trust or Mortgage replace the Deed of Trust or Mortgage?

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2010-02-20 18:27:39
2010-02-20 18:27:39

No. A rider adds to the document, and perhaps changes some of the original provisions.

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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.


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.


If you want to get a copy of your mortgage Deed of Trust, you should ask your mortgage company. Chances are, the lender will be able to offer you a copy of your deed. You may also find one already in your mortgage paperwork, since the Deed of Trust tends to be given as a copy in the paperwork.


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.


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.


It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.


Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.


A general warranty deed is a deed form that can be used to transfer ownership of land between any parties. A deed of trust only refers to a deed that transfers land to be held in trust. Or, in some states a deed of trust refers to a mortgage.


A deed of trust is used in North Carolina in place of a mortgage. It is now the same thing. At one time it was not.


Generally, the fee owner of the property is responsible for paying the property taxes. That would be the grantee in the deed of conveyance. In this case the 'deed of trust' is assumed to be a mortgage.


How could you borrow against a deed of trust? A deed of trust is similar to a mortgage. When you borrowed money to purchase your property, you signed a deed of trust instead of a mortgage. They are almost the same thing except for the foreclosure proceedings. You pay off the deed of trust just like you do a mortgage. Now, whether you could borrow more money from it or if you could establish a different deed of trust for more money and pay that one off is a different story. You may be paying 12% interest and want to pay 6% interest. You should be able to establish a new deed of trust and pay off the old one. You should check.


The only possibility I can think of is that one could have an unrecorded first mortgage or deed of trust. The second mortgage or deed of trust, if recorded, would be the first of record, and legally considered to be the first.


No. Once the first mortgage or deed of trust is foreclosed, the second mortgage and any inferior liens are voided.


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.


A contract is a binding agreement to purchase and sell land. A deed of trust is the document that actually transfers the title to the land to the new owner if the new owner is a trust. In some jurisdictions a deed of trust is the document that secures property for a loan, similar to a mortgage.


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.


What you are asking is unclear. Land can be conveyed to a trust with the restriction that it not be made subject to a mortgage that includes the right to foreclose. That restriction may also be made a part of the trust document as a provision that the trustee may not encumber the trust property by any mortgage, or more simply, the trustee is not given the power to mortgage the trust property. If you are referring to a 'trust deed' as a means of granting mortgage in some states, the lender will not accept a trust deed that restricts their right to foreclose.


A grant deed is an instrument used to transfer an interest in real estate to a new owner. In some jurisdictions this is called a warranty deed.In some jurisdictions, a deed of trust is an instrument recorded by a lender as security for a loan. This is commonly referred to as a mortgage. In other jurisdictions a deed of trust may be used to refer to a deed that transfers real property to a trustee of a trust.


A trust deed is when a legal title in property is transferred to a trustee. If a lendor defaults on a mortgage the trustee can foreclose the property. With mortgages a bank is usually the trustee given the trust deed.


If a husband and wife buy a house together and the wife's name is not put on the deed until the second mortgage, yes, the deed is still shared after the second mortgage is paid off.


Generally, the term deed of trust can have different meanings in different jurisdictions and different transactions affecting land:The deed that conveys real property from an individual owner TO the trustee of a a trust that has been created in a separate trust document is called a deed of trust.In a different scheme a deed can convey real property from an individual to another individual AS THE TRUSTEE FOR someone else and then set forth the terms of the trust within the deed document.In either case, a deed of trust is the deed that conveys property TO a trustee. The deed FROM a trustee is not referred to as a deed of trust.In some jurisdictions a deed of trust is used in much the same way as a mortgage with the trustee holding the property until the debt is paid. Once the debt is paid the trustee executes a deed of release.


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.


This means that the escrow paid off the first trust deed using the money from a refinancing. The cancellation of deed to secure debt occurs if a person refinances their mortgage.


Here's what I found so far: To deduct interest payments paid as itemized home mortgage interest, the loan obligation must be secured by a recorded mortgage or deed of trust against the home. This can be doneby their signing and recording a mortgage or deed of trust to secure the promissory note.


No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.



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