One of the most critical points in the process of buying a home and receiving Title Insurance is the release of the Deed of Trust. The release of this document marks a vital point when moving forward in the settlement process. The Deed of Trust itself is a sacred legal document that gives a lien against the grantors property. This essentially means that when a Deed of Trust is not yet released, the ownership and title of the home or property belongs to the trustee who is in hold of the certificate. As soon as the Deed of Trust is released, negotiations between the lender, the owner or borrower and the Public Trustee take place. Soon after, a specified portion of the property is removed from the lien created by the Deed of Trust. After all these procedures take place, changes to the title can be made and the individuals can move on with the buying and selling process.
The Deed of Trust and its release is perhaps the most interesting and legally binding process in the transfer of real estate from one person to another. It’s rules and regulations however, vary from state to state, as this is not a uniform document or process throughout the United States. Title Insurance greatly helps with this process and ensures proper function, legality and procedure. While it is too complex for an average individual to know all the specifics involved with the release of a Deed of Trust, it is important that they understand the basic function as explained above. It is also important that people know that Title Insurance plays a key role in the release for the Deed of Trust and can save individuals a lot of time, money and legal issues.