Lien Payoff Letter Template With Format In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Lien Payoff Letter Template with Format in Fairfax serves as a crucial communication tool for parties involved in loan payoff situations, particularly in real estate transactions. This template outlines the necessary steps to inform concerned parties about the outstanding payment status and provides detailed information essential for processing lien payoffs. Key features include a designated space for dates, recipient's information, a clear request for payment status, and an acknowledgment of increased costs due to negative escrow and accrued interest. Users should fill in specific details, such as the loan holder's identity and relevant dates, to personalize the template effectively. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to ensure timely resolution of outstanding payments. Filling out the template requires attention to changes in payoff amounts and insurance obligations, making it a vital resource for maintaining clear financial records. Proper editing ensures that all communication remains professional and legally sound, fostering transparent relations between creditors and debtors.

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FAQ

Grantor's Tax $0.15 per $100 of value on deeds (for transportation).

For information about researching current Fairfax Circuit Court Land Records and Deeds, please visit the Land Records Research Room page or contact the Land Records Division at 703-691-7320 (press 3, then 4) (TTY 711).

The Land Records Division of the Fairfax Circuit Court is located on the third floor of the Fairfax County Courthouse at 4110 Chain Bridge Road in Suite 317. Telephone 703-691-7320 (press 3, then 3) (TTY 711).

The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3). The office is open from a.m. – p.m. Monday through Friday.

The following parties must sign a quitclaim deed for the agreement to become legally binding, as stated in Va. Code § 55.1-612: The grantor. A notary or two witnesses who authenticate the signature.

A lender must perfect its lien by filing it with the appropriate agency or authority, such as in the county land records. If a lien is "perfected," the creditor (such as a mortgage lender) has established its priority in the encumbered property regarding other creditors.

Where to record a mechanics lien in Virginia. The Virginia lien law states that the memorandum should be recorded in the clerk's office in the county or city in which the building, structure or railroad, or any part thereof is located. If the property spans more than one county, your claim should be filed in both.

A general contractor, or any other lien claimant under §§ 43-7 and 43-9, in order to perfect the lien given by § 43-3, provided such lien has not been barred by § 43-4.01 C, shall file a memorandum of lien at any time after the work is commenced or material furnished, but not later than 90 days from the last day of the ...

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Lien Payoff Letter Template With Format In Fairfax