Deeds Of Trust In Va In Riverside

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

Description

The Deed of Trust Modification Agreement in Virginia, specifically tailored for Riverside, serves as a critical legal document for Borrowers, Co-grantors, and Lenders engaged in modifying existing mortgage or deed of trust agreements. This form outlines the necessary modifications to secure debts through the renewal and extension of liens, ensuring the rights and obligations of all involved parties are clearly articulated. Key features include the amendment of existing security instruments, stipulations for additional co-grantor liabilities, and comprehensive payment terms, including principal, interest rates, and late charges. Users should fill in specific information such as names, addresses, and amounts, ensuring accuracy to maintain legal validity. This document is particularly useful for attorneys, paralegals, and legal assistants who facilitate real estate transactions and handle modifications to secure financing. Owners and partners will appreciate the clarity it provides in managing loan agreements, allowing for better financial planning and compliance with their obligations. Ultimately, this modification agreement fosters transparency and mutual understanding between Borrowers and Lenders, establishing a framework for modifications to existing agreements effectively.
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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

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.

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.

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).

You can seek assistance from an estate planning attorney or use online services like to guide you. After preparing the trust documents, have them executed in the presence of a notary public to render the whole trust agreement legally binding.

Recorder Offices County Administrative Center. 4080 Lemon St, 1st floor / PO Box 751, Riverside, California 92501 / 92502-0751. Gateway Office. 2724 Gateway Dr, Riverside, California 92507. Hemet Office. Palm Desert Office. Temecula Office. Blythe Office.

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.

First, the grantor works with an attorney who writes the trust document based on the grantor's wishes for the distribution of specific assets. The grantor then chooses a responsible individual or firm to serve as trustee — holding and administering the assets for the benefit of the beneficiary.

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.

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.

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Deeds Of Trust In Va In Riverside