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.
Deeds Of Trust In Va In Montgomery
State:
Multi-State
County:
Montgomery
Control #:
US-00183
Format:
Word;
Rich Text
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All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia. The requirements are listed below in the code section. Click here to read about e-Recording.
Once you have made all your payments and your arrangement has been completed, you will be discharged from the trust deed. At this stage, the debts included will be written off and the companies are no longer able to chase you for payments.
Recording a deed in Montgomery County is a two step process. First, bring the deed to the County Transfer/Recordation Tax Office located at: 27 Court House Square, Suite 200, Rockville, for processing. Second, visit the Courthouse at 50 Maryland Avenue, Rockville 2nd floor Recording Office.
Processing a Release of Deed of Trust Execution: The lender or authorized agent signs the release, and it is notarized as required. Recording: The release is submitted to the county recorder's office for official recording, making it part of the public record.
You can cancel your deed of trust by getting a deed of surrender in place. This is a legal document which can be used to waive a previous deed or contract between multiple parties. You can't cancel a deed of trust without the consent of all parties named within the deed.
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.
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.
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.
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Montgomery County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements.To schedule a consultation, call us at (757) 6982244, or fill out our online form. Virginia trust attorney explains how to transfer assets to a trust. Call to schedule your consultation for assistance with your asset transfers. 55.1-339. Release of deed of trust or other lien. A. As used in this section: "Deed of trust" means any mortgage, deed of trust, or vendor's lien. Not on either the mortgage note or a mortgage deed of trust. Open Air Preservation assessed on deeds and deeds of trust where Va. Outdoors Foundation holds open space easements. 423. See the Circuit Court Deed Calculation web page for instructions on "How to Calculate Fees and Taxes on a Deed".