- CALL US 1 (800) 764-7233
START HERE
Pay the Lowest Rate for Your Lost Deed of Trust Bond!
| Bond Amount | Cost | Term |
|---|---|---|
| 2 times original note amount | 2% of the bond amount | 3 year term |
Fast Quote and Easy Processing!
No Credit Check! Bond911 can easily approve Lost Deed of Trust Bonds up to a $100,000 bond amount. These bonds are considered low risk and do not require a credit check for bond approval. Approval will be subject to a review of the items outlined below:
- Copy of the preliminary title report showing the open note
- Proof of attempts to contact original beneficiary
- Proof of payment. Without proof of payment, a notarized affidavit explaning the loss the trust deed/note must be included.
Once your bond is approved, we will need to collect the original signed bond application and the bond payment to release the bond to you for filing with the county. Bond911 works with the nation's top surety bond companies, and we can approve up to 99% of all applicants.
Should your bond amount exceed $100,000, we will need to submit your application for underwriting consideration. Bond911 can help you find approval regardless of low credit scores or other financial issues. We have exclusive underwriting programs established for all credit types to guarantee approval of all bonding needs. Apply online today!
What is a Lost Deed of Trust Bond?
A surety bond required by banks or other financial agents to properly re-convey an open note found on a preliminary title report. A Lost Trust Deed Bond is provided to the lender to clear the title to the real estate of a trust deed when the beneficiary cannot be located to execute and file a re-conveyance. Re-conveyance is when title to the real estate is transferred from the trustee back to the borrower when the secured debt is fully paid. The bond is typically recorded with the recorder or county clerk for the county where the property is located. The bond term is a three year non-renewable term. Per California Civil Code 2941, a bond can be used for the following reasons:
- When the obligation secured by a mortgage/deed of trust has been fully satisfied and the present mortgagee/beneficiary of record cannot be located after a diligent search.
- When the original beneficiary refuses to execute and deliver a proper certificate of discharge or request for re-conveyance.
- When a specified balance remains outstanding on the property report and the mortgagor/trustor/successor cannot (after a diligent search) locate the mortgagee/ beneficiary of record, the lien of any deed of trust shall be released.