A surety bond for a Lost Trust Deed is a bond required by banks or other financial instrument transfer agents. A trust deed is normally recorded with the recorder or county clerk for the county where the property is located as evidence of and security for the debt.
Per California Civil Code 2941, “Whenever the obligation secured by a mortgage or deed of trust has been fully satisfied and the present mortgagee or beneficiary of record cannot be located after diligent search, or refuses to execute and deliver a proper certificate of discharge or request for re-conveyance, or whenever a specified balance, including principal and interest, remains due and the mortgagor or trustor or the mortgagor’s or trustor’s successor in interest cannot, after diligent search, locate the then mortgagee or beneficiary of record, the lien of any mortgage or deed of trust shall be released……” by posting a Lost trust Deed Surety Bond in the an amount two times the amount of the original obligation secured by the mortgage or deed of trust and any additional principal amounts
Surety1 has many markets available to provide this surety bond at great rates and turn around time in as little as 24 hours.
NOTE: You Must upload or fax the preliminary title report or we cannot provide a quote! Fax Number is 916-737-5737
How to Get Your Lost Trust Deed Surety Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.