Section 45-1506C – SUPPLEMENTAL NOTICE — OPPORTUNITY TO REQUEST LOAN MODIFICATION.
45-1506C. SUPPLEMENTAL NOTICE — OPPORTUNITY TO REQUEST LOAN MODIFICATION. (1) In the case of a loan made by a state or federally regulated beneficiary, which loan is secured by a deed of trust encumbering a borrower’s primary residential property for any noncommercial loan, the notice provided in this section shall accompany the notice of default […]
Section 45-1507 – PROCEEDS OF SALE — DISPOSITION.
45-1507. PROCEEDS OF SALE — DISPOSITION. The trustee shall apply the proceeds of the trustee’s sale as follows: (1) To the expenses of the sale, including a reasonable charge by the trustee and a reasonable attorney’s fee. (2) To the obligation secured by the trust deed. (3) To any persons having recorded liens subsequent to […]
Section 45-1508 – FINALITY OF SALE.
45-1508. FINALITY OF SALE. A sale made by a trustee under this act shall foreclose and terminate all interest in the property covered by the trust deed of all persons to whom notice is given under section 45-1506, Idaho Code, and of any other person claiming by, through or under such persons and such persons […]
Section 45-1509 – TRUSTEE’S DEED — FORM AND CONTENTS.
45-1509. TRUSTEE’S DEED — FORM AND CONTENTS. (1) The trustee’s deed to the purchaser at the trustee’s sale under this act shall conform to the requirements of subsection (2) of this section. (2) The trustee’s deed shall contain, in addition to a description of the property conveyed, a recital of the facts concerning the default, […]
Section 45-1510 – TRUSTEE’S DEED — RECORDING — EFFECT.
45-1510. TRUSTEE’S DEED — RECORDING — EFFECT. (1) When the trustee’s deed is recorded in the deed records of the county where the property described in the deed is located, the recitals contained in the deed and in the affidavits required under section 45-1506(7), Idaho Code, shall be prima facie evidence in any court of […]
Section 45-1511 – REQUEST FOR COPY OF NOTICE OF DEFAULT OR NOTICE OF SALE — MARGINAL RECORDATION THEREOF.
45-1511. REQUEST FOR COPY OF NOTICE OF DEFAULT OR NOTICE OF SALE — MARGINAL RECORDATION THEREOF. Any person desiring a copy of any notice of default or any notice of sale under a deed of trust, as hereinbefore provided, at any time subsequent to the recordation of such deed of trust and prior to the […]
Section 45-1512 – MONEY JUDGMENT — ACTION SEEKING BALANCE DUE ON OBLIGATION.
45-1512. MONEY JUDGMENT — ACTION SEEKING BALANCE DUE ON OBLIGATION. At any time within 3 months after any sale under a deed of trust, as hereinbefore provided, a money judgment may be sought for the balance due upon the obligation for which such deed of trust was given as security, and in such action the […]
Section 45-1513 – TRANSFERS AND TRUSTS ARE CONVEYANCES.
45-1513. TRANSFERS AND TRUSTS ARE CONVEYANCES. A deed of trust or transfer of any interest in real property in trust to secure the performance of any obligation shall be a conveyance of real property. History: [45-1513, added 1957, ch. 181, sec. 13, p. 345.]
Section 45-1514 – RECONVEYANCE UPON SATISFACTION OF OBLIGATION.
45-1514. RECONVEYANCE UPON SATISFACTION OF OBLIGATION. Upon performance of the obligation secured by the deed of trust, the trustee upon written request of the beneficiary shall reconvey the estate of real property described in the deed of trust to the grantor; providing that in the event of such performance and the refusal of any beneficiary […]
Section 45-1502 – DEFINITIONS — TRUSTEE’S CHARGE.
45-1502. DEFINITIONS — TRUSTEE’S CHARGE. As used in this act: (1) "Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or his successor in interest, and who shall not be the trustee. (2) "Grantor" means the person conveying real property by […]