In a Deed of Trust, the trustee is an independent third party who holds conditional title on behalf of the lender for the purpose of either reconveying the property back to the borrower after the loan is repaid or selling the property if the borrower defaults on the loan. Trustee's can be replaced for many reasons, incapacity, incompetency, death, etc. Often a lender will substitute a trustee with a firm or corporation that will be conducting a foreclosure.

NCG 45-10. States:
In addition to the rights and remedies now provided by law, the noteholders may, in their discretion, substitute a trustee whether the trustee then named in the instrument is the original or a substituted trustee or a holder or owner of any or all of the obligations secured thereby, by the execution of a written document properly recorded pursuant to Chapter 47

This form is executed by the beneficiary/lender for the substitution of a trustee, it includes an optional foreclosure clause if needed for that purpose.

(North Carolina AOST Package includes form, guidelines, and completed example)

These are different form types, not alternate versions of the current form.

Release of Deed of Trust / Full Reconveyance

Release a paid deed of trust from title by reconveyance, release, satisfaction, or cancellation.

Partial Release of Mortgage / Deed of Trust

Release part of the secured property from a mortgage or deed of trust lien.

Deed of Trust

Secure a real estate loan with a deed of trust instrument.

Important: County-Specific Forms

Our appointment of substitute trustee forms are specifically formatted for each of the 100 counties in North Carolina.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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