Fairfax Virginia Certificate of Trust for Mortgage

State:
Multi-State
County:
Fairfax
Control #:
US-01183BG-1
Format:
Word; 
Rich Text
Instant download

Description

A certificate of trust is a shortened version of a trust that verifies the trust's existence, explains the powers given to the trustee, and identifies the successor trustee(s).

The Fairfax Virginia Certificate of Trust for Mortgage is a legal document that serves as proof of the existence of a trust agreement related to a mortgage within the jurisdiction of Fairfax, Virginia. This certificate is an essential tool for lenders and borrowers involved in trust agreements, as it ensures the integrity and legality of the mortgage transaction. Keywords: Fairfax Virginia, Certificate of Trust for Mortgage, legal document, proof of existence, trust agreement, jurisdiction, lenders, borrowers, integrity, legality, mortgage transaction. There are various types of Fairfax Virginia Certificates of Trust for Mortgage, each catering to specific circumstances and parties involved. These types include: 1. Irrevocable Trust Certificate of Trust for Mortgage: This type of certificate is issued when the trust agreement related to the mortgage cannot be revoked or modified without the consent of all the beneficiaries involved. It provides added security and reassurance for lenders. 2. Revocable Trust Certificate of Trust for Mortgage: This certificate is granted when the trust agreement pertaining to the mortgage can be modified or revoked by the granter (creator of the trust) at any time without the consent of the beneficiaries. It allows flexibility for the granter while ensuring transparency for lenders. 3. Living Trust Certificate of Trust for Mortgage: This type of certificate is specific to trusts created during the granter's lifetime. It outlines the terms and conditions of the trust agreement related to the mortgage, providing verification for lenders and borrowers. 4. Testamentary Trust Certificate of Trust for Mortgage: This certificate is utilized for trusts created upon the granter's death, as stipulated in their will. It ensures adherence to the mortgage terms agreed upon by the beneficiaries and lenders. 5. Special Needs Trust Certificate of Trust for Mortgage: This certificate is created specifically for individuals with special needs. It safeguards the mortgage transaction while ensuring that the funds acquired from the mortgage are allocated and utilized in accordance with the individual's needs. 6. Charitable Remainder Trust Certificate of Trust for Mortgage: This certificate applies to trusts established with the intent to donate the property's proceeds or assets to charitable organizations upon the completion of the mortgage transaction. It serves as proof of the trust's existence and its charitable purpose. In summary, the Fairfax Virginia Certificate of Trust for Mortgage is a vital legal document that verifies the presence of a trust agreement related to a mortgage transaction within the jurisdiction of Fairfax, Virginia. The various types of certificates cater to different circumstances and parties involved, ensuring the validity and transparency of the mortgage process.

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FAQ

You can obtain a copy of your Deed, Certificate of Satisfaction or any other recorded document at the Circuit Court Clerk's Office, for a fee of 50 cents per page and $2 for certification, if Page 3 needed. A deed is usually one to three pages and a Certificate of Satisfaction is usually one page.

Several easy-to-follow steps are required to create a Virginia deed: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the land records of the clerk's office of the circuit court in the jurisdiction where the property is located.

Whenever a release of a deed of trust or other obligation is recorded in the office of the clerk of any circuit court, such clerk shall record a certificate of satisfaction or certificate of partial satisfaction, stating that such deed or other obligation is released.

Virginia Recorders In most cases, deed documents are recorded in the county or independent city where the property is located.

Approximately 4 to 8 weeks from the date of recording. What should I do when my deed has been recorded but a page is missing? You will need to re-record your deed (or a certified copy of your deed) with the missing page attached. On the first page of the deed write the reason why your deed needs to be re-recorded.

Deeds recorded in Fairfax County are available through the Land Records Division of the County Circuit Court. They are located in Suite 317 of the Fairfax County Courthouse (4110 Chain Bridge Rd). For more information, call 703-691-7320, or visit their website.

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.

All documents put to record must be acknowledged and contain a notary seal. All acknowledgements by a Virginia notary must include their commission number, expiration date and a darkened seal. All of this information must be legible. A maximum of three documents per check will be accepted for recordation.

Property Number (On your Fairfax County property bill, look near the top or bottom right corner after "Include this Number on your Check:") Vehicle Identification Number (VIN) Vehicle Year, Make, Model and Trim.

More info

The new owner's name. Once you have all documentation from your attorney, visit a branch to complete your Trust application.Application and Certification of Eligible Purchasers. 1. Application. 2. If you are looking for a mortgage loan in Fairfax, VA or want to refinance, turn to a mortgage lender from Atlantic Union Bank. Meet our lenders online. We are honored that so many of our homebuying clients choose to put their trust in us again and again. General contractors must be made are eliminated and fairfax county mechanics lien claim has an owner of such variation of out of real estate? A mortgage that permits the lender to periodically adjust the interest rate on the basis of changes in a specified index. Amortization Fairfax Mortgage Investments brokers help finance Virginia homes. No matter where you are in the home buying process, I can help.

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Fairfax Virginia Certificate of Trust for Mortgage