Rutherford County Appointment of Substitute Trustee Forms (North Carolina)

Form Package

Appointment of Substitute Trustee

State

North Carolina

Area

Rutherford County

Price

$27.97

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Included Forms

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

Included Supplemental Documents

The following North Carolina and Rutherford County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Appointment of Substitute Trustee Forms:

• Rutherford County

Including:

• Bostic
• Caroleen
• Chimney Rock
• Cliffside
• Ellenboro
• Forest City
• Harris
• Henrietta
• Lake Lure
• Rutherfordton
• Spindale
• Union Mills

What is the 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.

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

Our Promise

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

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Get your Rutherford County Appointment of Substitute Trustee 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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