vanscootin
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vanscootin said:Bobbi... nothing in the policy guide... but I found my Director Contract... it says "this agreement automatically terminates without notice at the end of the third consecutive month the Director fails to meet the requirements...." Guess I coulda answered my own question if I dug a little. LOL
vanscootin said:That's an interesting concept. What would happen if you didn't sign it but had your team meet the requirements of director?
A D Title is a type of contract that is used in real estate transactions, specifically for the sale of land or property. It stands for "Deed of Trust" and is a legal document that outlines the terms of the loan agreement between the borrower and the lender.
D Titles can expire if the borrower fails to make payments on their loan according to the terms outlined in the contract. This can also happen if the borrower sells the property or refinances the loan without properly transferring the D Title to the new owner or lender.
When a D Title expires, the lender may choose to initiate foreclosure proceedings to take possession of the property. This means the borrower will lose ownership of the property and the lender will have the right to sell it to recoup the remaining balance on the loan.
No, a D Title cannot be renewed. Once it has expired, the only way to regain ownership of the property is to pay off the remaining balance on the loan or negotiate a new loan agreement with the lender.
If you have lost your D Title, you should contact the lender or the title company that handled the transaction to request a duplicate copy. It is important to keep this document safe and secure, as it is proof of your ownership of the property.