Deeds Of Trust To Secure In Fairfax

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

Description

The Deed of Trust Modification Agreement is a legal document designed to modify an existing mortgage or deed of trust, aimed at securing the debt for the Borrower, Co-grantor, and Lender involved. This form is useful for individuals or entities seeking to extend or amend the terms of their current loan obligations in Fairfax. Key features include definitions of roles, securing the modified debt, renewal and extension of the lien, and detailed payment terms, including interest rates and prepayment options. When filling out this form, users should ensure accurate insertion of dates, amounts, and property descriptions, and they must understand their obligations under the agreement. Specific use cases involve refinancing, extending loan terms, or amending payment schedules in response to changing financial circumstances. This form is vital for attorneys, paralegals, and legal assistants to facilitate transactions while ensuring compliance with local regulations, making it an essential tool for legal professionals assisting clients with real estate financing.
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  • 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

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.

Recording Over-The-Counter All documents must include the Fairfax Land Records' cover sheet. All documents presented for recordation must be the original, signed and notarized documents.

The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.

Under a deed of trust, the grantor agrees to the trustee's power of sale; that is, the right to a “non-judicial foreclosure” if they default on payments. This type of foreclosure process exempts the beneficiary from requiring the court's approval to sell the property. Statutes: § 55.1-316 to § 55.1-345.

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

Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.

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.

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.

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Deeds Of Trust To Secure In Fairfax