Falls Church City Deed of Trust and Promissory Note Forms (Virginia)
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Form Package
Deed of Trust and Promissory Note
State
Virginia
Area
Falls Church City
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Falls Church City specific forms and documents listed below are included in your immediate download package:
Deed of Trust Form
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 3/26/2024
Deed of Trust Guidelines
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 2/12/2024
Completed Example of the Deed of Trust
Example of a properly completed form for reference.
Included document last reviewed/updated 2/22/2024
Promissory Note Form
Note that is secured by the Deed of Trust.
Included document last reviewed/updated 2/22/2024
Promissory Note Guidelines
Line by line guide explaining every blank on the form.
Included document last reviewed/updated 1/9/2024
Completed Example of the Promissory Note Document
Example of a properly completed form for reference.
Included document last reviewed/updated 1/30/2024
Subordination Agreements
Used to place priority on claim of debt. Included are 4 clauses for unique situations. If needed, add to Deed of Trust as an addendum or rider.
Included document last reviewed/updated 4/5/2024
Annual Accounting Statement
Mail to borrower for fiscal year reporting.
(A request for payoff information under this section may be made one time within a 12-month period without charge) (6.2-418)
Included document last reviewed/updated 3/15/2024
Included Supplemental Documents
The following Virginia and Falls Church City supplemental forms are included as a courtesy with your order.
Frequently Asked Questions:
How long does it take to get my forms?
Forms are available immediately after submitting payment.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Virginia or Falls Church City. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
How do I get my forms, are they emailed?
Forms are NOT emailed to you. Immediately after you submit payment, the Falls Church City forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be sent to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance.
What type of files are the forms?
All of our Falls Church City Deed of Trust and Promissory Note forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Can the Deed of Trust and Promissory Note forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Falls Church City that you need to transfer you would only need to order our forms once for all of your properties in Falls Church City.
Are these forms guaranteed to be recordable in Falls Church City?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Falls Church City including margin requirements, content requirements, font and font size requirements.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Areas Covered by These Deed of Trust and Promissory Note Forms:
- Falls Church City
Including:
- Falls Church
What is the Virginia Deed of Trust and Promissory Note
A Deed of Trust (DOT), is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender according to terms defined in an attached promissory note. It's similar to a mortgage but differs in that mortgages only include two parties (borrower and lender).
In the Commonwealth of Virginia, a Deed of Trust is the most commonly used instrument to secure a loan. Foreclosure can be done non-judicially, saving time and expense. This process is called a Trustee Sale.
There are three parties in this Deed of Trust:
1- The Grantor (Borrower)
2- Beneficiary (Lender) and a
3- Trustee (Neutral Third Party) (Our guidelines will show how to choose a Trustee at little to no cost)
Basic Concept. The Trustor (Borrower) conveys property title to a Trustee (Neutral Party). A Trustee or beneficiary/Lender can take an action against any person for damages.
Due on Sale Clause: It allows the lender to call or modify the loan if the borrower conveys/sells the property. ("Notice - The debt secured hereby is subject to call in full or the terms thereof being modified in the event of sale or conveyance of the property conveyed.") Required format where (any loan is secured by a mortgage or deed of trust on real property comprised of one- to four-family residential dwelling units.) (VA. Revised Statutes 6.2-417)
These forms are flexible, they can be used for financing residential property, agricultural property, rental property, condominiums, and or small office buildings, with or without existing liens and encumbrances.
A "Special Provisions" section is included for any information specific to your transaction.
The Promissory Note offers options of financing, conventional installments, or installments combined with a balloon payment, common with Owner Financing transactions. Late Charges and Default rates are set within.
(Any lender or seller may impose a late charge for failure to make timely payment of any installment due on a debt, whether installment or single maturity, provided that such late charge does not exceed five percent of the amount of such installment payment and that the charge is specified in the contract between the lender or seller and the debtor.) (6.2-400 (B))
In addition to any other remedies available to Lender if this Note is not paid in full at the Maturity Date, Borrowers shall pay to Lender an Overdue Loan Fee, which fee shall be due at the time this Note is otherwise paid in full. The "Overdue Loan Fee" shall be determined based upon the outstanding principal balance of this Note as of the Maturity Date and shall be:
(a) one percent (1.0%) Of such principal balance if the Note is paid in full on or after thirty (30) days after the Maturity Date but less than sixty (60) days after the Maturity Date, or
(b) two percent (2.0%) of such principal balance if the Note is paid in full on or after sixty (60) days after the Maturity Date.
A Deed of Trust secured by a Promissory Note that includes stringent default terms, can be advantageous to the Lender and favorable to Owner Financing.
(Virginia DOT Package includes forms, guidelines, and completed examples) For use in the Commonwealth of Virginia only.
Our Promise
The documents you receive here will meet, or exceed, the Falls Church City recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Falls Church City Deed of Trust and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
Reviews
4.8 out of 5 (4324 Reviews)
Michael L.
April 25th, 2024
Professional, simple. Very good.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Barbara A.
April 25th, 2024
Always helpful!\r\n
We are thankful for your continued support and feedback, which inspire us to continuously improve. Thank you..
Mark E.
April 25th, 2024
This was easy to use and only contained one glaring error-where to send the completed form to finish the process. I’ve completed the form, does this mean I get the amended deed sent to me? I think not.
Your insights are invaluable to us and help us strive for better service. Thank you for taking the time to share your thoughts.
TOM S.
July 21st, 2019
Itwas easy to locate the necessary forms I needed and download worked great.
Thank you!
Kristi L.
May 11th, 2021
Fantastic Experience! I have been through several different companies offering to do the same thing but only offering subscriptions. I have no negative reviews, took 1 business day from submission, professional and timely updates and extremely fair pricing considering the amount of time it saves you.
Thank you!
nannette b.
October 27th, 2019
got what I needed quick and easy thank you!!!
Thank you for your feedback. We really appreciate it. Have a great day!
Douglas S.
June 30th, 2021
Nice site, easy to maneuver around, and walks you thru completing forms. However, at the end, the forms listed poorly explained. It would be helpful to have better explanations of the forms so people know which forms they really need to download.
Thank you for your feedback. We really appreciate it. Have a great day!
Randal R.
December 20th, 2019
While disappointed that my request could not be filled, I understand the issue, and appreciate the attempt and the responsiveness. I certainly will be back if the occasion arises!
Thank you!
Jacqueline B.
November 7th, 2020
Very easy process to have this document recorded through Deeds.com! The amount of time it saved me was greatly appreciated. highly recommend Deeds.com!
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Loren H.
December 11th, 2022
I really appreciate your forms according to South Dakota laws and statues. Your forms allow me to effectively do estate planning without extensive legal expenses. The "Revocable Transfer of Death Deed" is perfect to protect against extensive probate problems for seniors in retirement.
Thank you and May God Bless.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Doreen P.
December 13th, 2018
I have uploaded 2 documents for E recording, I have searched thinking it would prompt me to a business customer service contact info tel no. ? I am concerned as to the fees related to the recording of both instruments? please advise? thank you
Thank you for your feedback. We really appreciate it. Have a great day!
Kellie Z.
December 4th, 2020
Wow! So much simpler & faster than I had expected. I had thought it would take weeks to get filed & took days- yea! Super easy & speedy!
Thank you!
James J.
February 26th, 2019
The form itself was very good and easy to use. The only problem I had was the Sample they provided. Using a different name in every spot doesnt help determine what goes where. Using "Theodore Rockafeller" as Lien Claimant in one spot and Jebediah Finklestein in another then Harvey Johnson in the last spot is confusing if you really need a helpful sample.
Thank you for your feedback James. We will have staff review the completed example to see if we can make it more helpful. Have a great day!
MANUEL O.
December 4th, 2020
great service Loved!
Thank you!
Lee C.
February 10th, 2021
Quick, easy and reasonably priced.
Thank you!
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