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Substitution of Trustee and Full Reconveyance Form
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FAQs deed of reconveyance
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If a secured creditor of a commercial property never got paid off due to a fake sale, forged grant deed, and substitution of trustee and full reconveyance, could a subsequent lender prevail if it is deemed 100% innocent by a good faith defense?
Doubt it. This would be the title insurance companies money to eat in most places. In other words the secured lender would sue for their money and the title company would get called in to defend the sale which they would invariably lose. If they didn’t require title insurance and hadn’t done enough due diligence to see that the property had a secured mortgage then I doubt anyone would call that good faith. The subsequent lender would have a second position lein on the property behind the first lender. I imagine the new owner would get to sue the seller for fraud as well since they didn’t pay off the lein on the property that already existed.This is why real lenders require title insurance.
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What happens to all of the paper forms you fill out for immigration and customs?
Years ago I worked at document management company. There is cool software that can automate aspects of hand-written forms. We had an airport as a customer - they scanned plenty and (as I said before) this was several years ago...On your airport customs forms, the "boxes" that you 'need' to write on - are basically invisible to the scanner - but are used because then us humans will tend to write neater and clearer which make sit easier to recognize with a computer. Any characters with less than X% accuracy based on a recognition engine are flagged and shown as an image zoomed into the particular character so a human operator can then say "that is an "A". This way, you can rapidly go through most forms and output it to say - an SQL database, complete with link to original image of the form you filled in.If you see "black boxes" at three corners of the document - it is likely set up for scanning (they help to identify and orient the page digitally). If there is a unique barcode on the document somewhere I would theorize there is an even higher likelihood of it being scanned - the document is of enough value to be printed individually which costs more, which means it is likely going to be used on the capture side. (I've noticed in the past in Bahamas and some other Caribbean islands they use these sorts of capture mechanisms, but they have far fewer people entering than the US does everyday)The real answer is: it depends. Depending on each country and its policies and procedures. Generally I would be surprised if they scanned and held onto the paper. In the US, they proably file those for a set period of time then destroy them, perhaps mining them for some data about travellers. In the end, I suspect the "paper-to-data capture" likelihood of customs forms ranges somewhere on a spectrum like this:Third world Customs Guy has paper to show he did his job, paper gets thrown out at end of shift. ------> We keep all the papers! everything is scanned as you pass by customs and unique barcodes identify which flight/gate/area the form was handed out at, so we co-ordinate with cameras in the airport and have captured your image. We also know exactly how much vodka you brought into the country. :)
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Do I need to fill out a financial statement form if I get a full tuition waiver and RA/TA?
If that is necessary, the university or the faculty will inform you of that. These things can vary from university to university. Your best option would be to check your university website, financial services office or the Bursar office in your university.
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People also ask fill out substitution of trustee and reconveyance
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What is a substitution of trustee in a foreclosure?
A substitution of trustee is also a familiar term in rEval estate law. If a property owner defaults on a mortgage, the lender may appoint a substitute trustee to carry out the foreclosure.
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What is a full reconveyance and substitution of trustee?
A substitution of trustee and full reconveyance documents help facilitate the release of a mortgage lien from your home or other rEval estate. ... The substitution of trustee gives the person signing the full reconveyance the authority to actually reconvey the property and release the mortgage lien.
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What does reconveyance mean?
Re conveyance is a term used in some states which use deeds of trust as a mortgage on rEval property to secure payment of a loan or other debt. ... Re conveyance means the transfer of title by the trustee back to the borrower when the secured debt is fully paid.
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What does a substitution of trustee mean?
A Substitution of Trustee is a form filed when a successor trustee takes the place of a previous trustee. A successor is a person or entity who takes over and continues the role or position of another. ... A Substitution of Trustee form is often filed when a loan on rEval property is paid off or refinanced.
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What is a substitution of trustee and full reconveyance?
A substitution of trustee and full reconveyance documents help facilitate the release of a mortgage lien from your home or other rEval estate. The full reconveyance document releases your mortgage lender's lien from your property and reconveys your property to you, free and clear from the mortgage.
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