Warranty Deed from a Trust to an Individual - Utah: Fill out & sign online

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Does Utah allow a transfer on death deed?

The Utah TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

What is the difference between a warranty deed and a mortgage?

According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

Does Utah use deed of trust or mortgage?

Rather, most loans in Utah related to real propertysuch as loans to purchase a residenceinclude a trust deed, not a mortgage. Trust deeds are also used to secure other types of loans, including construction loans from lenders to general contractors.

Is Utah a mortgage State?

Some states allow both mortgages and deeds of trust.Mortgage States and Deed of Trust States. StateMortgage StateDeed of Trust StateUtahYVermontYVirginiaYWashingtonY47 more rows

What is a trust deed in Utah?

Utah Deed of Trust and Promissory Note Information A deed of trust (DOT), is a document that conveys title to real property to a trustee as security for a loan until the Trustor/borrower repays the Beneficiary/lender according to terms defined in an attached promissory note.

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