This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Deed Of Trust Modification With No Maturity Date In Fairfax
State:
Multi-State
County:
Fairfax
Control #:
US-00183
Format:
Word;
Rich Text
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FAQ
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.
You will usually be discharged after four years, but some trust deeds can last for longer. This information will be included in the terms of the trust deed.
Revocable trusts can last however long you wish them to last. You can cancel them at any time. If your revocable trust lasts until you die, it becomes irrevocable under Virginia law.
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.
Yes, you can sell a home with a Deed of Trust. However, just like a mortgage, if you're selling the home for less than you owe on it, you'll need approval from the lender.
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...
If a deed of trust recorded in California does not contain a maturity date, then the lender has up to 60, and possibly even 64 years to foreclose non-judicially, but the longer the lender waits, the more likely it is that a borrower could successfully raise a defense of equitable estoppel or laches.
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.
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Is there a tax for recording a deed of trust modification? Yes, if the deed of trust is modified to increase the loan amount.Cover sheets are required for documents recorded at the Land Records counter or through the mail. (VA Code §17.1-227.1). And improvement of an additional parcel to be used as a school bus parking lot for the use of the City and Fairfax County Public Schools. RECOMMENDATIONS:. Nonjudicial foreclosure (deed of trust states). Fairfax , South Caroli na.