Modification Deed Trust Form With Mortgage In Fairfax

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

Description

The Modification Deed Trust Form with Mortgage in Fairfax is a legal instrument used to amend existing mortgage agreements or deeds of trust. This form is essential for borrowers wishing to modify loan terms, such as extending payment dates or altering interest rates, while ensuring that the underlying lien remains valid and enforceable. To function effectively, users must fill in specific details, including the parties involved, property description, and any changes to the original loan terms. Attorneys and paralegals will find this form particularly useful for advising clients in refinancing situations or adjusting payment plans due to financial hardship. The document includes sections on renewal of lien, co-grantor liability, and borrower obligations under the modified agreement, clarifying the rights and responsibilities of all parties. Additionally, it emphasizes the importance of clear notification procedures between the lender and borrower for any defaults or payment issues. Overall, this form supports legal professionals in effective loan management while providing a transparent framework for all parties involved.
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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

Processing a Release of Deed of Trust Execution: The lender or authorized agent signs the release, and it is notarized as required. Recording: The release is submitted to the county recorder's office for official recording, making it part of the public record.

The Code of Virginia contains several statutes of limitations dealing with the enforcement of a deed of trust. If a deed of trust contains a maturity date, it may be enforced for a period of ten years after the stated maturity date.

How do I record a homestead deed? Virginia law allows for the filing of a homestead deed within your local county Land Records office. In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court.

You can cancel your deed of trust by getting a deed of surrender in place. This is a legal document which can be used to waive a previous deed or contract between multiple parties. You can't cancel a deed of trust without the consent of all parties named within the deed.

How can a recorded deed be changed? The only way to change a recorded deed is to have a new deed prepared and recorded in the Clerk's Office Land Records Department. Once a document is recorded, it cannot be changed.

If you know the instrument number or deed book and page number, you may request a copy of your deed either by mail or over the telephone by calling 703-691-7320, option 3 and then option 3 again. Send your written request to: Fairfax Circuit Court 4110 Chain Bridge Road, Suite 317 Fairfax, VA 22030.

Standard Requirements for Recording All documents must have original signatures. NO PHOTOCOPIES ACCEPTED. If the document is handwritten, it must be legible. Print quality must be legible for the scanner to read and produce an acceptable image.

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

Local grantee tax (213) is 1/3 of state amount.

FY 2021-2022 Real Estate Tax Rates FY 2021-2022 Real Estate Tax Rates Arlington County $1.013 City of Fairfax $1.075 Fairfax County $1.14 City of Falls Church $1.326 more rows

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Modification Deed Trust Form With Mortgage In Fairfax