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Partial Release of Mortgage / Deed of Trust Lien on Leasehold...

Fairfax Virginia Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust

Name: Fairfax Virginia Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust
Brand: US Legal Forms
Rating: 4.88 (443 reviews)

Category:

Oil Gas and Minerals - Releases

State:

Multi-State

County:

Fairfax

Control #:

US-OG-551

Format:

Instant download

Description

This form provides for a partial release of a mortgage/deed of trust on leasehold interests.

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FAQ

This release of mortgage is recorded or filed and gives notice to the world that the lien is no more. On the other hand, when you have a trust deed or deed of trust, the lender files a release deed. With a deed of trust, you temporarily give control of the title to your property to the lender for security purposes.

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

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.

Both a satisfaction of mortgage and deed of reconveyance indicate that the loan has been fully paid and the lien on the property has been released. A deed of reconveyance, however, is typically used in states where a deed of trust is also utilized.

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.

A Mortgage Release is where you, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.

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.

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.

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.

Virginia Requirements for Quit Claim Deeds A legal description of the property must be included, and there should be a statement regarding how the grantor came to be in possession of the property. The deed should be notarized both parties must sign the deed in the presence of a notary public, who will also sign it.

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Forcement of a mechanic's lien would probably result in a waiver of title. Period in accordance with the terms of the Trust Agreement.

Fairfax Virginia Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust

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How to fill out Fairfax Virginia Partial Release Of Mortgage / Deed Of Trust Lien On Leasehold Interest In Part Of Lands Subject To Mortgage / Deed Of Trust?

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FAQ

Is a release of mortgage the same as a deed?

Where are deeds recorded in Virginia?

How do I file a deed in Virginia?

Is a satisfaction of mortgage the same as a deed?

How long does it take to record a deed in Virginia?

What does a release of mortgage mean?

How long is a deed of trust valid in Virginia?

How do I record a deed in Virginia?

How do I get a deed to my house in Fairfax County VA?

Do deeds have to be notarized in Virginia?

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