Modification Agreement For Mortgage In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Modification Agreement for mortgage in Fairfax is a legal document that alters the existing terms of a mortgage or deed of trust to secure a debt. It is established between a borrower, a co-grantor, and a lender, with the purpose of extending or renewing the lien on the property involved. Key features of this form include the acknowledgment of a valid lien, the stipulation of payment terms, and the rights of the borrower concerning prepayment and default scenarios. Users must provide detailed information regarding the loan amount, interest rate, payment schedule, and property description, ensuring all parties sign the document and it is properly notarized. This modification is particularly useful for parties looking to adjust their mortgage terms without extinguishing the original agreement. Attorneys can facilitate negotiations and drafting, paralegals can assist in document preparation, while owners seek to manage their mortgage obligations. Legal assistants can aid in the filing and record-keeping processes, ensuring compliance with local regulations.
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  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

Legal Considerations for Contract Modifications Both UCC and common law statutes have specific requirements for creating enforceable contract modifications, so contracting parties must be sure to properly categorize their transaction and adhere to the relevant laws.

Lenders differ in their mortgage modification requirements, but typically they require you to show that: You're at least one regular mortgage payment behind, or a missed payment is imminent. You've incurred significant financial hardship, for reasons including: Long-term illness or disability.

You may obtain the deed book and page number by searching for the document in the Court Public Access Network (“CPAN”) on one of the public computers in the Land Records Research Room or through a subscription. Subscribers to CPAN are able to make non-certified copies from their own computer.

You may obtain the deed book and page number by searching the land records in the Land Records Research Room or through a subscription to CPAN (see Research page for subscription information). Subscribers to CPAN are able to make non-certified copies from their own computer.

Can anyone look at my deed or mortgage? Yes. Most documents recorded in the Clerk's Office are public records.

Grantor's Tax $0.15 per $100 of value on deeds (for transportation).

Every deed and corrected or amended deed may be made in the following form, or to the same effect: "This deed, made the ______ day of ______, in the year ____, between (here insert names of parties as grantors or grantees), witnesseth: that in consideration of (here state the consideration, nominal or actual), the said ...

Fairfax County sales tax details The minimum combined 2025 sales tax rate for Fairfax County, Virginia is 6.0%. This is the total of state, county, and city sales tax rates. The Virginia sales tax rate is currently 4.3%.

In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court. The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3).

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Modification Agreement For Mortgage In Fairfax