US Legal Forms
Change or Modification Agreement of Deed of Trust

Deeds Of Trust In Va In Fulton

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Fulton

Control #:

US-00183

Format:

Instant download

Description

This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.

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FAQ

Land records are public documents that include: Deeds. Deeds of Trust. Financing Statements.

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.

Under a deed of trust, the grantor agrees to the trustee's power of sale; that is, the right to a “non-judicial foreclosure” if they default on payments. This type of foreclosure process exempts the beneficiary from requiring the court's approval to sell the property.

Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.

Deeds are not like the certificate of title to a vehicle, which must be an original. While it is good practice to keep your original deed, it is not required to sell your property, as long as it has been properly recorded.

The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.

All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.

A deed of trust will include the same type of information stated in a mortgage document, such as: The identities of the borrower, lender, and trustee. A full description of the property to be placed in trust. Any restrictions or requirements on the use of the property while it is in trust.

More info

THIS DEED OF TRUST, is made and entered into this ______ day of. Please review the VLRCS eLearning tutorial.In Virginia, only attorneys or property owners can legally prepare a deed. Virginia trust attorney explains how to transfer assets to a trust. Call (540) 722-2181 to schedule your consultation for assistance with your asset transfers. Not filled out online. 16. The Land Records Division of the Fairfax Circuit Court is located on the third floor of the Fairfax County Courthouse at 4110 Chain Bridge Road in Suite 317. Our deed creation service makes it easy to prepare customized, statespecific deeds to Virginia real estate. Just complete a user-friendly interview. The deed recording will show up in any future title searches, allowing for traceable ownership.

Deeds Of Trust In Va In Fulton

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What is a deed of trust Virginia?

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