separate legal descriptions, affidavits, etc.). Include an additional $5.00 for each additional page that may need to be recorded (i.e. Payment of $28.00 to the Lake County Public Trustee to execute and record a one page release form. Notarized Signature/Signatures of the Holder(s) of the note or Title Company, or of agent for holder (must send copy of POA for agent) The release form must have the following:Ĭorrect name of the original Beneficiary/LenderĬorrect name of the current holder of the Evidence of Debt (or a Title Company) Request for Release of Deed of Trust form ** Must be on Legal Paper 8.5' x 14' You may obtain a copy from the Lake County Clerk and Recorder’s Office at 505 Harrison Avenue Leadville, CO, 71. The Clerk and Recorder’s stamp must be on the document and legible. Recorded Deed of Trust, can be the original or a copy it must include the parties, the grant to the Public Trustee, and the legal description of the property. A private party lender who does not have the original evidence of debt must submit a Lost Instrument Bond in the amount of 1.5 times the original principal balance.

§38-38-100.3 or a title company may request the release without production of the original evidence of debt. In lieu of the original evidence of debt, a qualified holder as defined in C.R.S. Original Evidence of Debt that corresponds to the Deed of Trust, including the principal amount, dates and the number of notes/deeds of trusts involved. The following documents are to be presented in Lake County: The Public Trustee inspects the documents presented for accuracy and completeness, signs and executes the release form and records the release with the County Clerk and Recorder.Ĭolorado Revised Statute §38-39-102 has set out certain requirements for releasing a Deed of Trust through the Office of the Public Trustee in the county where the property is located. When the terms of the Deed of Trust are satisfied, a request of Release of Deed of Trust must be recorded to remove the lien from the property.Ī Release of Deed of Trust is signed and executed by the Current Owner of the Evidence of Debt (Lender), or a Title Company, and submitted to the Public Trustee of the county where the property is located. When recorded, a Deed of Trust creates a lien against the Grantor's property. A Deed of Trust is an agreement between three parties: the Grantor (owner/borrower), the Beneficiary (lender), and the Public Trustee. The purpose of the release is to remove all or a portion of the property from the lien created by a Deed of Trust. A Release of Deed of Trust is a written request by the holder of the evidence of debt (the lender), or a title insurance company, to the Public Trustee.

Addressing an envelope to trustee