Fredericksburg City Deed of Trust and Promissory Note Forms (Virginia)
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Form Package
Deed of Trust and Promissory Note
State
Virginia
Area
Fredericksburg City
Price
$27.97
Delivery
Immediate Download
Payment Information
Included Forms
All Fredericksburg 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 Fredericksburg 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 Fredericksburg 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 Fredericksburg 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 Fredericksburg 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 Fredericksburg City that you need to transfer you would only need to order our forms once for all of your properties in Fredericksburg City.
Are these forms guaranteed to be recordable in Fredericksburg City?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Fredericksburg 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:
- Fredericksburg City
Including:
- Fredericksburg
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 Fredericksburg 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 Fredericksburg 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 (4323 Reviews)
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.
Mitchell S.
April 25th, 2024
This service was very helpful, quick, inexpensive and easy to use. Should I ever need it again, I know right where to go.
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Kwaku A.
May 27th, 2021
Excellent service ! Came through in the clutch! Easy to use and understand ! Exceptional service ! 10/10
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DENISE E.
February 25th, 2021
I just submitted a beneficiary deed and it was accepted immediate and then recorded the next day! I like that I receive email messages notifying me of the process. The process was super easy and seamless. It's saved me so much time that I did not have to drive to downtown Phoenix to have this document record it. I love Deeds.com.
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Jennifer M P.
December 14th, 2022
Locating the deed I needed was not too hard. I love that you can download and complete it on your time frame.
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Dianne C.
July 13th, 2023
Love it
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Deneene C.
April 17th, 2020
Was a great help to me. I'm very pleased .
Thank you!
Sandra R.
June 2nd, 2023
This site was easy to use for access to State forms for filing in Montmorency County clerks office. Not only did I find claim form but a sample claim was available for assisting on how to complete your form correctly. Found this so very useful for us (public resident) to fill in the form as a .PDF file that prints out typed form - rather than handwritten entries. There is a fee but your access is always available on internet to this site in the future. Saved me time using this site and My filed form looks professional. You have access to several other forms if needed.
Thank you for the kind words Sandra, we appreciate you. Glad we could help!
Donna O.
March 6th, 2020
Quick and easy to use. I was able to download the Transfer on Death Deed form to my computer so that I can read through and fill them out at a later time. That made it convenient and "no pressure". The complimentary guide and completed example that came with the form was also very helpful.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
William C.
February 23rd, 2020
Excellent, easy to use. Technically accurate in all information offered.
Thank you!
Debra R.
August 17th, 2021
So easy to follow when preparing a deed. The example places given helped to know how to correctly fill out the form! Very easy! I will use deeds.com again!
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Terreva B.
August 9th, 2019
Yes it helped with some things but I need more info
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Beverly D.
June 4th, 2022
Deeds.com was a great experience in helping me get some important documents recorded.I would recommend them to anyone wanting documents recorded in a timely manner.
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Joanna L.
September 12th, 2019
This is a great tool. It is easy to use and saves me a lot of time.
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