NOTICE OF TRUSTEE’S SALE, which is the final legal notice in the California non-judicial foreclosure process. Here’s what it’s used for: Primary Purpose This document formally announces that a foreclosed property will be sold at a public auction to the highest bidder. It represents the last major step before the property is actually sold. When This Form […]
Form – Substitution of Trustee and Reconveyance Substitution of Trustee and Reconveyance, is used in a very specific and positive situation in California real estate. It serves two important functions simultaneously: Primary Purpose This form is used when a property owner has fully paid off their mortgage or deed of trust, and the lender needs to both […]
Notice of Default with Substitution of Trustee, which is used in California to formally initiate the non-judicial foreclosure process on a property. Here’s when and how it’s used: When This Form Is Used This form is used when: A homeowner (Trustor) has defaulted on their mortgage loan The lender (Beneficiary) wants to begin foreclosure proceedings […]
Form – Substitution of Trustee Substitution of Trustee, a legal document used exclusively in states that use a deed of trust for real estate loans (like California, Texas, and others). It is a critical document in the foreclosure process. Here is a clear breakdown of its purpose and function: Primary Purpose The sole purpose of a Substitution […]
Trustor’s Offset Statement (Sale or Assignment of Note Secured By Deed of Trust) TRUSTOR’S OFFSET STATEMENT, is a critical document used in real estate finance, primarily in California, during the sale or assignment of a promissory note that is secured by a deed of trust. Here’s a breakdown of its purpose, how it’s used, and […]
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