Make Legal Virginia Deed Of Trust Forms For Free

If you own real property in Virginia that you purchased by borrowing funds from a lender, then you have most likely signed a document called a deed of trust. Although 'deed of trust' and 'mortgage' are often used interchangeably, they are technically two different kinds of documents.

Can I prepare my own deed? The Clerk's Office Land Records Department will accept a deed prepared by a property owner or an attorney, who is a member of the Virginia Bar. The document must meet all recording standards.

Minimally, a deed must include: The identity of the parties to the conveyance. The consideration paid for the conveyance. Language granting the parcel to the grantee. A sufficiently specific description of the property and the interest to be conveyed. Signatures of the parties granting the conveyance.

The deed transfers the legal title to the Buyer and assures that the Seller is the rightful owner of the property and is selling that property with marketable title, i.e. free of any liens. The six covenants of title (warranties) represent the promises that the Seller makes.

A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.

The deed must be signed, notarized, and recorded with the clerk's office in the county where the property is located to be legally valid. The deed recording will show up in any future title searches, allowing for traceable ownership.