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.
Trust Of Deeds For Property In Fairfax
State:
Multi-State
County:
Fairfax
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Under Virginia State Law, these real estate assessment records are public information. Display of this property information on the internet is specifically authorized by the Code of Virginia §58.1-3122.2 (as amended).
Land records are public documents that include: Deeds. Deeds of Trust. Financing Statements.
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.
You may obtain the deed book and page number by searching for the document in the Court Public Access Network (“CPAN”) on one of the public computers in the Land Records Research Room or through a subscription. Subscribers to CPAN are able to make non-certified copies from their own computer.
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.
One disadvantage of placing your house in a trust is the loss of direct ownership. Transferring your property to a revocable living trust makes the trust the legal owner. While you retain control as the trustee, this change in ownership may affect your ability to mortgage or refinance the property.
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.
Assets can be transferred to a trust through methods like a deed of grantor(s) to trustee(s), title transfer, assignment of ownership, opening new accounts, naming the trust as a beneficiary, and more. Putting property in a trust can be done through various legal means, providing flexibility to the grantor.