Secured Debt Shall For Loan In Virginia

State:
Multi-State
Control #:
US-00181
Format:
Word; 
Rich Text
Instant download

Description

The Secured Debt Shall for Loan in Virginia is a legal document known as a Deed of Trust that facilitates borrowing by allowing a debtor to secure a loan against real estate. This form is essential for parties involved in lending, as it outlines the obligations of the debtor, the responsibilities of the trustee, and the rights of the secured party. Key features include the ability for the secured party to take possession of the property in case of default, the stipulation for insurance and upkeep of the property, and the management of rents generated from the property as additional security. Users must complete the document with accurate identifiers, including the amount of the loan and a detailed property description. It is crucial that all parties involved understand their rights and obligations as outlined in the document, particularly regarding future advances and the conditions of default. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate transactions or financing, as it provides a structured means to secure a loan while protecting the interests of the lender.
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FAQ

How deed of trust construed; duties, rights, etc., of parties. Every deed of trust to secure debts or indemnify sureties is in the nature of a contract and shall be construed ing to its terms to the extent not in conflict with the requirements of law.

Appurtenances, etc., included in deed of land. Every deed conveying land shall be construed to include all buildings, privileges, and appurtenances of every kind belonging to such land unless an exception is made in the deed.

A person who in good faith enters into a transaction in reliance upon acertification of trust may enforce the transaction against the trust propertyas if the representations contained in the certification were correct.

Reform would make loans affordable by limiting payments to 5% of each paycheck unless lenders give borrowers at least four months to repay. That would result in affordable payments around $125 per month for a typical borrower, shielding 95% of their income.

When a deed purports to convey property, real or personal, describing it with reasonable certainty, that the grantor does not own at the time of the execution of the deed, but subsequently acquires, such deed shall, as between the parties, have the same effect as if the title that the grantor subsequently acquires were ...

A credit line deed of trust shall set forth on the front page, either in capital letters or in language underscored, the words "THIS IS A CREDIT LINE DEED OF TRUST." Such phrase shall convey notice to all parties that advances or other extensions of credit are to be made or are contemplated to be made from time to time ...

§ 55.1-1315. Eviction of tenant. In addition to the remedies provided by §§ 55.1-1228 and 55.1-1311, a landlord may evict a tenant only for violation of the applicable building and housing code caused by a lack of reasonable care by the tenant, a member of the tenant's household, or a guest or invitee of the tenant.

The trust is created by an agreement executed by the trustee and beneficiaries which defines the relationship between the parties; it states that the trustee has or is about to receive title to certain designated real property which it will hold in trust for the named beneficiaries ing to their respective ...

Any person who owns or has any interest in real estate or personal property on which such lien exists may, after twenty days' notice thereof to the person entitled to such lien, apply to the circuit or corporation court of the county or corporation in whose clerk's office such encumbrance is recorded, or to the Circuit ...

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Secured Debt Shall For Loan In Virginia