Deed Of Trust Modification Form For Sale In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Trust Modification Form for sale in Fairfax is a legal instrument used to amend an existing deed of trust. It is essential for borrowers and lenders who wish to modify the terms of a loan secured by real property. This form allows for the renewal and extension of the lien on the property, ensuring that the security instrument remains valid as modifications are made. Key features include updating the maturity date of the loan and specifying interest payment terms. It clearly outlines both the borrower's rights and obligations, including the ability to prepay the loan without penalties. For attorneys, partners, and owners, this form facilitates efficient loan adjustments while ensuring compliance with legal standards. Paralegals and legal assistants will benefit from its straightforward instructions for completion, allowing them to assist clients effectively in navigating the modification process. Overall, this form serves as a crucial tool in real estate and financial transactions, ensuring clarity and protection for all parties involved.
Free preview
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.

Legal Requirements for Deeds It should be an original or a first-generation printout as per Va. It should be written in printed ink or typed in ribbon copy, complying with general recording. All individual names need to be underlined or written in capital letters when they first appear in.

How do I record a homestead deed? Virginia law allows for the filing of a homestead deed within your local county Land Records office. In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court.

EFFECTIVE IMMEDIATELY All deeds recorded in the City of Norfolk MUST comply with the new provisions of Virginia Code Section 17.1-223. All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.

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 four documents per check will be accepted for recordation.

For a deed to be legal, it must state the name of the buyer and the seller, describe the property being transferred, and include the signature of the party transferring the property. In addition to being either official or private, deeds are classified as general warranty, special warranty, or quitclaim.

Sources of Property Records in Virginia The clerk of the circuit court is where you can find real estate deeds. For example, Fairfax County has its land records, which are searchable on the court website. The local county tax office handles all property tax records and issues bills to residents.

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Deed Of Trust Modification Form For Sale In Fairfax