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The Substitution of Trustee document is utilized when the beneficiary (lender) determines a need to change the trustee under a recorded deed of trust.
A document known as a substitution of trustee and full reconveyance identifies the person who has the authority to reconvey the property and remove the lien. Most importantly, a deed of full reconveyance, known as a satisfaction of mortgage in some states, transfers title back to the borrower.
Whether you get a deed of reconveyance, a full reconveyance or a satisfaction of mortgage document, it means the same thing: your loan has been paid in full and the lender no longer has an interest in your property. With your mortgage or deed of trust paid off, you cannot be foreclosed on by a financial institution.
A substitution of trustee simply names a new person to take over that position, as well as a secondary trustee if necessary. A substitution of trustee and full reconveyance serves two purposes: It enables a lender (such as a mortgage company) to appoint a new trustee. It allows the new trustee to release the lien.
The Substitution of Trustee document is utilized when the beneficiary (lender) determines a need to change the trustee under a recorded deed of trust.
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People also ask

With a mortgage, the lender interacts directly with the borrower in this process. With a deed of trust, however, the lender must act through a go-between called the trustee. The beneficiary and the trustee cant be the same person or entity.
Substitution Deed means a document substantially in the form of schedule 4 or such other form acceptable to the Agent, the Security Trustee and the Borrower.
When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be docHubd.
A California deed of trust is a deed used in connection with a mortgage loan. It is the deed that shows that the lender has an interest in the property while the landowner is paying the mortgage.
When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be docHubd.

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