Trustees And Estates

All deeds of trust given to secure indebtedness on real estate shall name as trustee such Estate Trustee who acts as an intermediary between the borrower and the lender.

In various states, the Estate Trustee of each county is appointed to a four year term by the Governor. In other states, the elected Treasurer is the Estate Trustee for the concurrent term. The powers and duties of the office of Estate Trustee and procedures for the operation of the office. Important areas include, Foreclosures of Deeds of Trust, Releases of Deeds of Trust andTax Escrow Accounts.

Unique among the 50 states is the Estate Trustee approach to the borrower or lender relationship. For the Estate Trustee to have the powers granted by statute, deeds of trust must grant such trustee an interest in the property encumbered by the Deed of Trust. Any deed of trust that names anyone other than a Estate Trustee is deemed to be a mortgage for all purposes and would have to be foreclosed judicially.

Hopefully through reading the website articles that we have freely provided for you, you'll make the best decision for your estate trustee. Good luck!

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