What is a release of Deed of Trust?
A release of Deed of Trust is signed and executed by the beneficiary or lender of the debt when the debt is paid in full and then submitted to the Public Trustee office of the county where the real estate property is located. Upon validation, the Public Trustee then signs and executes the Release of Deed of Trust Form and then records the release of Deed of Trust with the County Clerk and Real Estate Recorder.
What documents are needed for release of Deed of Trust?
Each state and county has different requirements for the release of Deed of Trust. You need to look into the rules set forth by the county where your real estate property is located that you want the release of Deed of Trust on. Usually, for a release of Deed of Trust, the following documents are necessary.
1) Original promissory note
The original Promissory Note signed and marked as fully paid or cancelled by the beneficiary (the lender) or the agent representing the beneficiary is usually the first document needed for the release of Deed of Trust.
2) Recoreded Deed of Trust
The recorded deed of trust is also needed for the release of deed of trust. This can be the original or a copy of the original recorded deed of trust. If you have lost or misplaced the recorded deed of trust, you can usually purchase a copy of the original deed of trust from the County Clerk or Recorder office.
3) Request for release of deed of trust
For most counties, a request for release of deed of trust is essential to initiate the process of release of deed of trust. This document is usually signed by the beneficiary or the lender. Some counties will accept this request for release of Deed Of Trust Document in place of the original promissary note, should the original promissary note become unavailable.
4) Fee for Release of deed of trust
A fee is charged for processing the Release of deed of trust. Each county has different fee for the release of deed of trust.
5) Means of returning release of deed of trust documents
Usually, you will also have to provide a stamped, addressed envelope, in which to return the cancelled deed of trust documents. If the release of deed of trust documents are mailed, you should use certified mail.