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Mistakenly, however, the property described in the deed of trust only included Lot 1. Now the lender has a lien on only part of the property; a mistake by both parties.
Many contracts, including deeds of trust, contain some form of attorney fee clause. Not All Attorney Fee Clauses are the Same ...
"The deed of reconveyance then becomes a necessary instrument in a deed of trust state, because when the loan has been repaid, there needs to be a mechanism by which title is returned to the ...