June 22, 2021
AmeriPro Surety Bonds offers you the California lost deed of trust bond in the amount required. Up to a $ Before Calling: Please have a copy of your Preliminary Report, in hand and readily available, at the time of your call or correspondence. You’re finally ready to make that move: either to refinance your California home, or better yet, sell it, take the profits, and move to a much more economically, socially, and tax-wise friendlier state than California. Just as you are about to close on the refinance or sale of your home, your title company informs you that a lien or deed --- which you’re certain you’ve paid --- cannot be located; there is no reconveyance on record. And in your own search, either the company that provided the loan is out of business, or the chain of ownership is lost through MERS, the mortgage electronic registration system. The upshot of all of this is that in order for the selling or refinancing of your California home to take place, the title title company requires you to obtain a California lost trust deed surety bond. The California lost deed of trust bond serves as a financial guarantee for the title company that absolves them of any financial liability should at some point (in California the statutory limit is 3 years) some entity produces proof of an active, non-reconveyed deed of trust. In essence, a California lost deed of trust bond transfers the financial liability to you, the purchaser (or principal), in exchange for the title company allowing the refinancing or selling of your California home. California statutes also require you to provide Lost Deed of Trust Affidavit. It is commonly thought that this affidavit is filled out by the surety bond company, but the truth of the matter is that you, the Principal, must complete this form. Our agency can provide the form for you to complete. Since it is the title company which requires a lost deed of trust bond, they will also be the ones to provide you with the information needed to obtain your bond. You, in turn, will need to provide that to us. These are: Our agency has the ability to provide a more streamlined, quicker processing of California lost deeds of trust bonds up to a A California lost deed of trust surety bond requirement above a Upon approval of your CA deed of trust bond, the premium is a onetime payment. Once issued, your lost deed of trust surety bond is active for the duration California’s statutory limit, 3 years. The premium for your lost deed of trust bond will be 2% of the amount required. Premiums are not paid after the close of the sale or refinance of your home; they are, rather, paid prior to issuance of your lost deed of trust bond. This is parly because once the lost deed of trust bond has been issued, it is non-cancellable. We accept major credit or debit cards for payment of the onetime premium, as also personal or cashier's checks. AmeriPro Surety Bonds is a surety bonds-only agency. For the state of California, we provide streamlined execution of lost deed of trust surety bonds; and in the 49 state markets, we are a market for hundreds of other surety bonds genres and classifications. Please call our agency today at: Or, you may fill out the form below and a Surety Producer will contact you...100,000 $150,000 requirement, we can also do so with more streamlined processing (meaning, without a credit inquiry). Greater amounts, are of course, available, and --- sometimes --- credit flexibility is offered. Please call our agency today at:
844-589-9732.California Lost Deed of Trust Bond |
AmeriPro Surety Bonds
844-589-9732
California Title Companies; Requirements
Purpose of Your California Lost Trust Deed Bond
Obtaining a California Lost Deed of Trust Bond --- Not Too Difficult
Qualifying and the Premium
$100,000 requirement. There is, however, a credit check for any CA lost mortgage deed bond amount. $150,000 surety bond requirement.
$100,000 $150,000, is subject to an underwriter review. The underwriting procedure includes a standard credit check inquiry. For lost deeds of trust above $100,000, a financial statement is also required. If your credit is acceptable, typically, the surety underwriters will approve your application. Caveats to approval typically are properties which have unsatisfied tax liens or unjudgement.With respect to a financial statement, note that underwriters are typically looking for you to demonstrate enough assets to cover the amount of bond were there ever a claim. Note also that financial statements are based on your word alone; there is typically never any independent verification of the amount stated. Financial statements are no longer required. For lost deed of trust bonds over $150,000, good credit, a property unencumbered by property tax liens and judgements, is all that is needed; and for lost deed of trust bonds up to and inclusive of a $150,000 requirement, a credit check is waived entirely.About Us
844-589-9732