This bond is required by title companies when a lien is showing up as unsatisfied on a title report. The title has either not been reconveyed or the original beneficiary has still not been paid. California code 2941.7 requires that a California Lost Trust Deed Surety Bond be posted for twice the amount of the lien, and ensures that if there is a valid claim from the original lien holder, that the surety company pays the lien holder what is owed. The premium on this bond is typically as little as 2%.
To Get a California Lost Trust Deed/ Note Surety Bond:
- Complete an online application.
- Upload a copy of the preliminary title report
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.