Otero County Deed of Trust and Promissory Note Forms (Colorado)

Form Package

Deed of Trust and Promissory Note

State

Colorado

Area

Otero County

Price

$27.97

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Included Forms

All Otero County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Colorado and Otero County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Deed of Trust and Promissory Note Forms:

• Otero County

Including:

• Cheraw
• Fowler
• La Junta
• Manzanola
• Rocky Ford
• Swink

What is the Colorado Deed of Trust and Promissory Note

Deeds of Trust are the preferred method of securing debt on property in Colorado, if the Deed of Trust includes a proper power of sale clause the lender can pursue a public trustee foreclosure in the case of default. The borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default.
("Deed of trust" means a security instrument containing a grant to a public trustee together with a power of sale.) ( 38-38-100.3(7))

A promissory note is a promise to pay and includes things such as interest rates, default rates, late fees, penalties, etc. The Deed of Trust makes the promissory note a debt secured by a lien on the subject property. In Colorado a promissory note must include the loan amount, payment schedule and time frame. Both borrowers and lenders must sign.

For use in Colorado only on residential property, rental property, condominiums, vacant land, second homes and planned units.

(Colorado Deed of Trust Package includes forms, guidelines, and completed examples)

Our Promise

The documents you receive here will meet, or exceed, the Otero County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Otero County Deed of Trust and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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