RELEASING DEEDS OF TRUST
Requirements upon satisfaction of indebtedness (Section
38-35-124, C.R.S.)
Whenever all indebtedness secured by a lien on real property has been
satisfied, Unless the debtor requests in writing that the lien not be
released, the creditor or holder of the indebtedness shall within 90
days after the satisfaction of the indebtedness and receipt from
the debtor the reasonable costs of procuring and recording the release
documents necessary to release or satisfy the lien of record or, in the case
of an indebtedness secured by a Deed of Trust to a Public Trustee, file with
the Public Trustee the documents required for a release as prescribed by
Section 38-39-102, C.R.S.
To execute a release of Deed of Trust, it is necessary to submit
the following to the Public Trustee's Office:
REQUEST
FOR RELEASE OF DEED OF TRUST FORM signed by ALL holders of the Evidence of
Debt or their attorney or agent. Lenders signature(s) MUST BE ACKNOWLEDGED
BY A NOTARY PUBLIC.
THE
ORIGINAL EVIDENCE OF DEBT marked "Paid in Full", signed by
holder(s) of the Evidence of Debt.
IF THE ORIGINAL EVIDENCE OF DEBT CANNOT BE PRODUCED ONE OF THE FOLLOWING
IS ACCEPTABLE:
If financial
institution - Resolution & Indemnification
If financial
institution - Bradford Form #1197
Lost Instrument
Bond
ORIGINALLY
RECORDED DEED OF TRUST OR "CERTIFIED" COPY available from the Mesa
County Clerk & Recorder, P.O. Box 20,000-5007, Grand Junction, CO 81502.
(Always required - this is not the "Evidence of Debt")
PUBLIC
TRUSTEE FEE OF $15.00 plus $6.00 for one page releases plus 5.00 for each additional page
*ALL RELEASE FORMS CAN BE OBTAINED FROM AN OFFICE SUPPLY STORE