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In a case like this, the seller might work out a higher interest rate than a lender would require. In addition, during a period of particularly high interest rates, a seller may want to enter into a contract for deed, in the hopes that offering a discount on traditional rates will draw more potential buyers.
In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court. The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3).
The buyer was given immediate possession of the property and was responsible for taxes, maintenance, and insurance thereon.
LAW IN VIRGINIA. An installment land sale contract1 is a method of seller financing for. land sales. The land contract, sometimes referred to as a "contract for. deed" or "longterm contract," functions as a substitute for a mortgage or.
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.
You'll likely need to visit your County Recorder's Office if you need to add or remove an individual to or from your house deed, change your name on the deed, update an error in the document or make any other changes.
The Fairfax County Land Records Division manages property transaction records, including deeds, mortgages, and liens. These records are available in person at their office or through a subscription to the Court's Public Access Network (CPAN).
In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court. The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3).