Virginia Subordination Agreement to Include Future Indebtedness to Secured Party
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How to fill out Subordination Agreement To Include Future Indebtedness To Secured Party?
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The party secured by the deed of trust, or the holders of greater than fifty percent of the monetary obligations secured thereby, shall have the right and power to appoint a substitute trustee or trustees for any reason and, regardless of whether such right and power is expressly granted in such deed of trust, by ...
This Virginia law provides that a married woman shall have the right to acquire, hold, use, control and dispose of property as if she were unmarried.
A security interest can cover property in which the debtor has ownership or possessory rights in the present or in the future. When more than one party claims an interest in the same collateral, a perfected secured party's interest has priority over the interest of most other parties.
No estate of inheritance or freehold or for a term of more than five years inlands shall be conveyed unless by deed or will, nor shall any voluntarypartition of lands by coparceners, having such an estate therein, be made,except by deed; nor shall any right to a conveyance of any such estate orterm in land accrue to ...
Deed of Trust and Promissory Note for Real Estate Located in Virginia. A Deed of Trust (DOT), is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender ing to terms defined in an attached promissory note.
Security agreement is the agreement between the secured party and the debtor that creates or provides for a security interest. Collateral refers to the items of property in which a security interest is granted by the debtor.
From the date of the recording of a credit line deed of trust, the lienthereof shall have priority (i) as to all other deeds, conveyances, or otherinstruments, or contracts in writing, which are unrecorded as of such dateand of which the noteholder has no knowledge or notice and (ii) as tojudgment liens subsequently ...
The debtor must have some legal right in the collateral or ownership interest. This can be a present or future interest in the property. Sellers of durable goods (refrigerators, computers, etc) often extent credit on part or all of the purchase price of the goods.
In order for a security interest to be enforceable against the debtor and third parties, UCC Article 9 sets forth three requirements: Value must be provided in exchange for the collateral; the debtor must have rights in the collateral or the ability to convey rights in the collateral to a secured party; and either the ...
Title 55 - Property and Conveyances. § 55-96. Contracts, etc., void as to creditors and purchasers until recorded; priority of credit line deed of trust.