LEARN MORE

ESCROW LICENSE BONDS

A type of license and permit bond that protects escrow and title agents from financial loss due to fraud. Anyone interested in an escrow license bond will need to provide the following documents:

• Application (we will provide)
• Owner(s) Resume(s)
• Personal and Business Financial Statements

We can get started with as little as a phone call or email to get the ball rolling on our end, and set expectations on yours. If you have any questions or need assistance, please reach out to us. We’re here to help!

LOST TRUST DEED BONDS

Lost trust deed bonds are required when there is uncertainty regarding the payoff status of a promissory note. This bond allows a lien to be removed so a property can be sold.

Because we understand that time is a factor, we can get most bonds approved and issued within 24-48 hours. We streamline the process to make it as simple as possible. Anyone requesting a lost trust deed bond will need to provide the following documents:

• Application (we will provide)
• Copy of the preliminary title report
• Copy of the recorded deed of trust
• Copy of the note
• Payment records (if available)

We have provided a detailed breakdown of the full process below. If you have any questions or need assistance, please reach out to us.

1. Complete the application form.
   • Read the terms of the indemnity agreement prior to signing.
   • An approximate date the note was paid in full is required.
   • The bond amount is usually twice the amount of the original note. If you do not know the bond amount you must contact the Obligee and get it from them. The Obligee on the bond is usually the Trustee or Title Company that was named on the original note. Unless otherwise advised, the bond amount will be double the amount of the note.
   • The vested property owner(s) must sign the application. If the property is owned by a family trust, the Trustee must sign the application. If the owner is deceased, the applicant will need to provide documentation proving they have the authority to apply for the bond. For example, if you are applying as an Administrator or Executor of an estate, you would provide probate court documents to prove you are the Administrator or Executor, and have approval to sell the property.
   • The section of the application for description of the note should be completely and accurately filled in. This portion refers to the original information on the note. The Maker of the note is the person who was paying money under the terms of the note. The Payee is the beneficiary of the note, the person receiving money under the terms of the note. The recording data must be supplied so the bond may be properly prepared.
   • If the applicant is the Maker (trustor) of the note, proof that the note has been paid in full is required. In addition, the applicant must supply a sworn affidavit stating: (1) to whom the note was paid, (2) when it was paid, (3) how much has been paid, and (4) if they have tried to locate the beneficiary of the note. The signature must be notarized.
   • If the applicant is the Beneficiary of the note, they must supply a sworn and notarized affidavit stating that the note has not been assigned, sold, pledged, or has been encumbered and that the note has been paid in full. If the note has not been paid, the beneficiary must state the circumstances of the amount owing, and if he/she is going to foreclose under the terms of the note. The signatures must be notarized.
2. Complete a questionnaire regarding the circumstances of the lost trust deed or lost trust deed note. Attach proof of payment if available.
3. Provide a copy of the preliminary title report that is no more than 6 months old. Escrow can provide this report.
4. Provide a copy of the Recorded Deed of Trust.
5. Provide a copy of the Note, and any Assignments.