A mortgage is a loan that's secured by real estate. When a borrower – the grantee – receives a mortgage loan, the lender – the grantor – takes a lien against the mortgaged property as security in the event the grantee defaults on the loan. While the fixed-rate loan is the most co...
These matters include the questions whether: (a) the grantor has to be the same person as the borrower; (b) the security agreement secures all the relevant obligations; (c) the security right is subject to any legal restrictions; (d) there must be a clear payment schedule in the credit;...
* Deed of trust. This is the mortgage document. As you stated in your question, it is recorded among the land records, andyour lenderkeeps the original. When you pay off the loan, the lender will return the deed of trust with the promissory note. Who holds title in a trust? Based o...
In the Lone Star State, a deed of trust, ortrust deed, transfers interest in real property. It is asecurity instrumentauthorizing a foreclosure sale outside of the courtroom in case the grantor or borrower defaults on a loan. If the grantor pays the loan, they get the property back; if ...
with this 2nd third the person who has made their will can decide how much of this is inherited by each child. For example, if they have a much older child, they can inherit immediately whereas the younger children would have to wait until they turn 18 years old; the grantor may want ...
If you do not have a fax machine or do not want to apply online, you can send your FEIN application in the mail. Like with faxing, you must complete a physical copy ofForm SS-4and send it to the IRS. If your business location is in one of the 50 states or D.C., mail Form ...
These matters include the questions whether: (a) the grantor has to be the same person as the borrower; (b) the security agreement secures all the relevant obligations; (c) the security right is subject to any legal restrictions; (d) there must be a clear payment schedule in the credit;...