Deeds Of Trust In Va In Orange

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

Description

The Deed of Trust Modification Agreement is a legal document used in Virginia, particularly in Orange County, to modify existing mortgage agreements. This form allows borrowers and lenders to update the terms of their original deed of trust or mortgage to reflect changes in the loan conditions, such as interest rates or payment terms. It includes essential sections detailing the borrower's commitment to repay the debt, specify payment terms, and outline the lender's rights. The agreement requires accurate completion of borrower information, the original loan details, and any changes to the terms of repayment. Key features include the renewal and extension of the lien on the property, co-grantor liability clauses, and borrower rights regarding payments and prepayments. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who assist clients in financial transactions by providing clarity on loan modifications and ensuring compliance with legal requirements. Proper filling and editing ensure that all parties understand their obligations, thereby minimizing the risk of disputes and enhancing legal protection.
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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

When closing on a home, you should receive a copy of your house deed when the title is transferred to you. You can also request an additional copy at any time through your County Recorder's office or Register of Deeds office (the official name may vary by location).

State Tax Rate Virginia levies a recordation tax on bonds or other obligations secured by the deeds of trust or mortgages at a rate of $0.25 per $100 (or portion of $100).

The biggest difference between a title and a deed is the physical component. A deed is an official written document declaring a person's legal ownership of a property, while a title is a legal concept that refers to ownership rights.

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.

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.

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.

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).

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.

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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Deeds Of Trust In Va In Orange