Insert Advanced Field in the Deed Of Trust and eSign it in minutes

Aug 6th, 2022
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How to Insert Advanced Field in the Deed Of Trust

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. Before we get started, please do me a favor. Give this video a thumbs up, hit that red subscribe button and click on the notification bell. In todays video were gonna discuss whats called a deed of trust, or sometimes called a trust deed, depending on what part of the country youre operating in. Now, I did a previous video on, excuse me, the promissory note and a mortgage. A promissory note, the mortgage, and a deed of trust all kinda go hand in hand together. So if you have not watched that video yet, I highly recommend that you go watch that video first, then come back to this one. That will make this video make so much more sense. And Im gonna put a link right up here in the upper right hand corner of your screen to that video. So thats my recommendation. All right, so are you ready? Lets talk about deeds of trust in this video. (upbeat music) So what is a deed of trust? Well

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No person may be named or act, in person or by agent or attorney, as the trustee of a deed of trust conveying property to secure the payment of money or the performance of an obligation, either individually or as one of several trustees, unless such person is a resident of the Commonwealth.
Protection of assignees or transferees of debts secured by real estate; form of certificate of transfer.
Acceleration clause. a reconveyance Clause is found in a deed of trust, but not in the mortgage.
55.1-318. Credit line deed of trust defined; relative priority of credit line deed of trust and other instruments of judgment.
Section 55.1-321, Code of Virginia (1950), requires, in addition to the advertisement to be published in local newspaper, that the trustee or secured party give written notice of the time, date and place of any proposed sale in execution of a deed of trust.
A Washington, DC, deed must identify by name the current owner (the grantor) transferring the property and the new owner (the grantee) receiving it. Party addresses. A deed should include the new owners address. DC law does not strictly require the current owners address, but it is often included.
Protection of assignees or transferees of debts secured by real estate; form of certificate of transfer.
Conveyance of property not owned but subsequently acquired.

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