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One homeowner has recently discovered he no longer owns his 8,300-square-foot home — at least on paper. Craig Adams, a local dentist in Raleigh, North Carolina, said the deed to his $4 million ...
In 2005, Belk signed what’s called a deed of trust with Atrium, granting it the right to receive $23,000 when he sold his family home. Terry Belk at home in Charlotte, N.C., in July.
September 12, 2024 at 10:15 AM. ABC11. The deed to a multi-million dollar home in Raleigh was swiped out from under the nose of the home’s owner. Craig Adams is frustrated. His 8,300-square-foot ...
In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan (debt) from the lender to the borrower. The equitable title remains with the borrower. [1] The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.
Trust deed: A trust deed is a legal document that defines the trust such as the trustee, beneficiaries, settlor and appointer, and the terms and conditions of the agreement. Trust distributions: A trust distribution is any income or asset that is given out to the beneficiaries of the trust.
An attorney, broker, trust deed services, lender subsidiary or the lender may be appointed to act as the trustee (USA Today 2019). Trustees have the power of processing the foreclosure starting with the notice of default (NOD) recording and completing with the trustee's deed delivery and the sales proceeds delivery. [3]
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