Payoff Statement Template With Interest In Fairfax

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

Description

The Payoff Statement Template with Interest in Fairfax is a critical document used primarily in financial transactions related to loans. This template facilitates effective communication between parties involved in paying off a loan and ensures clarity regarding the outstanding balance. Key features of the form include spaces for detailing the loan holder's information, the outstanding amount, and the terms regarding any accrued interest. The form is designed to be easily filled out and edited, allowing users to insert specific dates and amounts pertinent to their particular situation. It serves multiple use cases, such as assisting attorneys in managing client loan payoffs, helping partners and owners keep track of their financial obligations, and guiding associates, paralegals, and legal assistants in documenting loan account summaries accurately. The template is highly beneficial for maintaining transparency in financial dealings, particularly in the Fairfax area, where specific regulations may apply. Users should ensure to fill in all requested information accurately and keep a record of any correspondence related to the payoff.

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FAQ

Fieri facias (abbreviated fi. fa.) is a Latin phrase that refers to a writ of execution which directs a state specified officer, usually a sheriff, to take control of a piece of property and sell it in order to satisfy the owner's debt or tax obligations.

In California, a judgment creditor can request a writ of execution from the court that entered the initial judgment. This compelling document empowers law enforcement officers to seize assets.

This process authorizes the Sheriff to go to the debtor's residence and inventory and/or seize property for collection of the debt. The Writ of Fieri Facias is good for ninety (90) days from the date of issuance. This means the Sheriff has ninety (90) days in which to execute the process.

Writ of Fieri Facias (Fi Fa) Writs of Fi Fa may be issued after twenty-one days from the date of entry of the judgment, per VA Code §8.01-466, unless ordered by the Court. Do not assign a previous law action number to any of the forms.

You may view your tax information online or request a copy of the bill by emailing DTARCD@fairfaxcounty or calling 703-222-8234, TTY 711.

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Payoff Statement Template With Interest In Fairfax