Maryland APPOINTMENT OF SUBSTITUTE TRUSTEE(s) - for Deed of Trust
County or Independent City Forms
Where is the property is located?
Allegany CountyAnne Arundel CountyBaltimore CountyBaltimore CityCalvert CountyCaroline CountyCarroll CountyCecil CountyCharles CountyDorchester CountyFrederick CountyGarrett CountyHarford CountyHoward CountyKent CountyMontgomery CountyPrince Georges CountyQueen Annes CountySaint Marys CountySomerset CountyTalbot CountyWashington CountyWicomico CountyWorcester CountyAPPOINTMENT OF SUBSTITUTE TRUSTEE(s) - for Deed of Trust for Real Estate Located in Maryland
Use this form to substitute an existing Trustee in a previously recorded Deed of Trust. This is often done when the Trustee of record can't or won't act or upon default/foreclosure of the Deed of Trust.
"Trustee" means a person, other than the beneficiary, to whom a trust deed conveys an interest in real property, or the person's successor in interest, or an employee of the beneficiary, Under Maryland Real Property 7-105 and Maryland Rule 14-214(b)(2), corporate trustees may not exercise the power of sale. An individual (i.e., a "natural person") appointed as trustee in a deed of trust or as a substitute trustee shall conduct the sale of property subject to a deed of trust. The individual need not be a Maryland resident.
(If a mortgage or deed of trust allows for the appointment or substitution of a trustee or an individual authorized to exercise a power of sale, the holder of the mortgage or deed of trust may make the appointments or substitutions from time to time.) ( 7-105(5))
For use in Maryland only.