This is an official form from the Virginia Judicial System, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Virginia statutes and law.
The Fairfax Virginia Certificate and Affidavit of Satisfaction (of Mortgage) is an important legal document that signifies the release or satisfaction of a mortgage loan on a property located within Fairfax, Virginia. It serves as proof that the borrower has successfully paid off their mortgage debt, and that the lien on the property has been released. The Certificate and Affidavit of Satisfaction (of Mortgage) is usually prepared by the lender or mortgage holder, and it is signed by a representative authorized to act on their behalf. This document is typically presented to the Fairfax County Circuit Court, where it is recorded and stored as part of the public record. By filing the Certificate and Affidavit of Satisfaction (of Mortgage), the lender officially acknowledges and certifies that the mortgage debt has been fully paid and the borrower has met all their financial obligations. This document helps protect the property owner's rights and ensures that the property is free and clear from any encumbrances. In Fairfax, Virginia, there may be different types of Certificates and Affidavits of Satisfaction (of Mortgage) based on specific circumstances. Some possible variations include: 1. Full Satisfaction: This type of Certificate and Affidavit of Satisfaction (of Mortgage) is issued when the borrower has completely repaid the mortgage balance, including principal and interest, in accordance with the terms of the loan agreement. 2. Partial Satisfaction: When the borrower has made a substantial payment towards the mortgage but still owes a remaining balance, a Partial Satisfaction Certificate can be prepared. This document acknowledges the partial payment and reduces the outstanding mortgage amount accordingly. 3. Subordination of Mortgage: In cases where a property owner wishes to obtain a new mortgage or refinance their existing loan, a Subordination Certificate and Affidavit of Satisfaction of Mortgage may be required. This document demonstrates that the original mortgage will retain its priority, even after the introduction of a new loan. It is crucial for property owners in Fairfax, Virginia, to possess a properly executed Certificate and Affidavit of Satisfaction (of Mortgage) to protect their rights and establish a clear title to their property. This legally binding document serves as a tangible proof of mortgage repayment and helps ensure the property's marketability in the future.The Fairfax Virginia Certificate and Affidavit of Satisfaction (of Mortgage) is an important legal document that signifies the release or satisfaction of a mortgage loan on a property located within Fairfax, Virginia. It serves as proof that the borrower has successfully paid off their mortgage debt, and that the lien on the property has been released. The Certificate and Affidavit of Satisfaction (of Mortgage) is usually prepared by the lender or mortgage holder, and it is signed by a representative authorized to act on their behalf. This document is typically presented to the Fairfax County Circuit Court, where it is recorded and stored as part of the public record. By filing the Certificate and Affidavit of Satisfaction (of Mortgage), the lender officially acknowledges and certifies that the mortgage debt has been fully paid and the borrower has met all their financial obligations. This document helps protect the property owner's rights and ensures that the property is free and clear from any encumbrances. In Fairfax, Virginia, there may be different types of Certificates and Affidavits of Satisfaction (of Mortgage) based on specific circumstances. Some possible variations include: 1. Full Satisfaction: This type of Certificate and Affidavit of Satisfaction (of Mortgage) is issued when the borrower has completely repaid the mortgage balance, including principal and interest, in accordance with the terms of the loan agreement. 2. Partial Satisfaction: When the borrower has made a substantial payment towards the mortgage but still owes a remaining balance, a Partial Satisfaction Certificate can be prepared. This document acknowledges the partial payment and reduces the outstanding mortgage amount accordingly. 3. Subordination of Mortgage: In cases where a property owner wishes to obtain a new mortgage or refinance their existing loan, a Subordination Certificate and Affidavit of Satisfaction of Mortgage may be required. This document demonstrates that the original mortgage will retain its priority, even after the introduction of a new loan. It is crucial for property owners in Fairfax, Virginia, to possess a properly executed Certificate and Affidavit of Satisfaction (of Mortgage) to protect their rights and establish a clear title to their property. This legally binding document serves as a tangible proof of mortgage repayment and helps ensure the property's marketability in the future.