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 Records With No Maturity Date In Fairfax
State:
Multi-State
County:
Fairfax
Control #:
US-00183
Format:
Word;
Rich Text
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FAQ
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. If the trust deed does not become protected, your discharge will only be binding on those creditors who agreed to the arrangement.
For information about researching current Fairfax Circuit Court Land Records and Deeds, please visit the Land Records Research Room page or contact the Land Records Division at 703-691-7320 (press 3, then 4) (TTY 711).
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.
Office this office keeps public records of real estate transactions. You can visit the countyMoreOffice this office keeps public records of real estate transactions. You can visit the county recorder's office in person provide the property address and the owner's name to request the document.
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.
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.
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.
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.
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.
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The Land Records Division is located on the 3rd Floor of the Fairfax County Courthouse at 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. Cover sheets are required for documents recorded at the Land Records counter or through the mail.(VA Code §17.1-227.1). Fairfax County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements. A credit line deed of trust that does not state a maturity date may be enforced for a period of forty years from its date. We describe what happens after closing and address FAQs about post-closing issues like water escrows, taxes and more. The primary goal of this division is to ensure the fair and equitable assessment of all real property in the City of Fairfax, based on fair market value. Exemptions: Virginia law protects portions of your property from liens and seizure, like your primary residence up to a certain equity value. Do not use the signing option when filling out the forms.