Substitution of Trustee is a legal document that was released by the Assessor-County Clerk-Recorder - County of Riverside, California - a government authority operating within California. The form may be used strictly within County of Riverside.
Q: What is a substitution of trustee?
A: A substitution of trustee is a legal document that allows for the replacement of the trustee of a trust or deed of trust.
Q: What is the County of Riverside in California?
A: The County of Riverside is a county located in the southern portion of the state of California.
Q: Is a substitution of trustee common in real estate transactions?
A: Yes, a substitution of trustee is commonly used in real estate transactions, particularly when there is a change in the lender or loan servicer.
Q: Who can be named as a substitute trustee?
A: The person or entity named as a substitute trustee can be a licensed attorney, a title company, or a designated individual or entity approved by the lender.
Q: Is a substitution of trustee required by law?
A: In California, a substitution of trustee is not required by law but is often used to ensure the proper transfer of interests in real estate.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Assessor-County Clerk-Recorder - County of Riverside, California.