North Carolina Appointment of Substitute Trustee

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.

Deeds.com North Carolina Appointment of Substitute Trustee Forms Have Been Updated as Recently as Monday August 12, 2019

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randall a. said: As advertised. good value.

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Thomas D. said: Can I use this for easement in gross ? Like to grant cousins easement to use river front property with riparian rights ?

Reply from Staff: Sorry, we are unable to give advice on specific legal situations.

Charles C. said: Using an I pad and cannot type on form that was downloaded. I do not have a computer Charles

Reply from Staff: Thank you for your feedback Charles. You might want to make sure you have the Adobe app on your Ipad: https://itunes.apple.com/us/app/adobe-fill-sign/id950099951?mt=8

Pamela W. said: Signing up was easy and the form was amazing. The ability to type on it (I am on a MAC) was beyond my expectations, the ability to save a blank, save my two documents, save the instructions and sample was excellent. The documents are in the mail and we are hopefully they will be approved. Blessings,

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STACIA V. said: I filled out the forms that were somewhat easy. I was surprised that it was recorded by the county recording office. I just hope that it really worked. I think it did. I will find out later this year.

Reply from Staff: Thank you!

Eleanor W. said: I haven't taken the forms to our county clerk for recording yet so not sure they contain all needed information in the order needed but forms were easy to read, easy to save and with well documented instructions available. Thank you

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