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In California, the deed of reconveyance is known as a full reconveyance form. ... Name of the lender/trustee. Legal description of the property and parcel number based on the original deed.
The borrower's equitable title normally terminates automatically by operation of law (under applicable statutes or case law) at the trustee's sale. The trustee then issues a deed conveying the legal and equitable title to the property in fee simple to the highest bidder. In turn, the successful bidder records the deed and becomes the owner of ...
The trustee must also keep adequate records of the administration of the trust generally. [66] All trust property must stay separate from the trustee's own personal property and must not be "commingled." [67] A trustee can hold certain securities, usually publicly traded ones, in a "street name" or nominee registration for ease of management. [68]
If repaid on time, the lender would reinvest title using a reconveyance deed. This was the mortgage by conveyance (aka mortgage in fee) or, when written, the mortgage by charter and reconveyance [8] and took the form of a feoffment, bargain and sale, or lease and release. Since the lender did not necessarily enter into possession, had rights of ...
In a statement, Harless said she regretted not announcing in January 2022 she would begin taking her full trustee's salary of more than $24,000 a year due to her family's financial circumstances ...
A trustee has a duty to know, understand, and abide by the terms of the trust and relevant law. The trustee may be compensated and have expenses reimbursed, but otherwise turn over all profits from the trust and neither endebt nor riskily speculate on the assets without the written, clear permission of all adult beneficiaries.
Trump transferred 114.75 million shares, or 53% of Trump Media & Technology's outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings. Trump ...
The right of substitution, where applicable, may be exercised by criminal and juvenile defendants and all parties in a civil action.Substitution for cause can be for any bias a judge may have in the case, such as an association with a party (family, friendship or even stock ownership), having made vocal comments in the past on the topic at trial, etc.