Portsmouth City Deed of Trust and Promissory Note Form

Portsmouth City Deed of Trust Form
Fill in the blank form formatted to comply with all recording and content requirements.

Portsmouth City Deed of Trust Guidelines
Line by line guide explaining every blank on the form.

Portsmouth City Completed Example of the Deed of Trust
Example of a properly completed form for reference.

Portsmouth City Promissory Note Form
Note that is secured by the Deed of Trust.

Portsmouth City Promissory Note Guidelines
Line by line guide explaining every blank on the form.

Portsmouth City Completed Example of the Promissory Note Document
Example of a properly completed form for reference.

Portsmouth City 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.

Portsmouth City 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)
All 8 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Virginia and Portsmouth City documents included at no extra charge:
Where to Record Your Documents
Portsmouth Circuit Court Clerk
Portsmouth, Virginia 23705-1217
Hours: 8:30 to 4:30 M-F
Phone: (757) 393-8671
Recording Tips for Portsmouth City:
- Verify all names are spelled correctly before recording
- Make copies of your documents before recording - keep originals safe
- Recorded documents become public record - avoid including SSNs
Cities and Jurisdictions in Portsmouth City
Properties in any of these areas use Portsmouth City forms:
- Portsmouth
Hours, fees, requirements, and more for Portsmouth City
How do I get my forms?
Forms are available for immediate download after payment. The Portsmouth City forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Portsmouth City?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Portsmouth City including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Portsmouth City you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Portsmouth City?
Recording fees in Portsmouth City vary. Contact the recorder's office at (757) 393-8671 for current fees.
Questions answered? Let's get started!
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.
Important: Your property must be located in Portsmouth City to use these forms. Documents should be recorded at the office below.
This Deed of Trust and Promissory Note meets all recording requirements specific to Portsmouth City.
Our Promise
The documents you receive here will meet, or exceed, the Portsmouth 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 Portsmouth 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.
4.8 out of 5 - ( 4573 Reviews )
Dana P.
October 6th, 2020
Thank you for making a difficult time a little easier. The forms are easy to download and complete and the Guide is very helpful.
Thank you for your feedback. We really appreciate it. Have a great day!
Joan P.
March 18th, 2020
Thank you for combining all necessary documents in one simple location.
Thank you!
Andre W.
May 20th, 2020
I was truly impress with the customer service. The young lady that assisted me was AWESOME. She was very professional,patienc was extraordinary and very knowledgable. Thank you thank you
Thank you for your feedback. We really appreciate it. Have a great day!
Freda S.
April 12th, 2024
Excellent Services!
Thank you!
Mary C.
August 30th, 2022
The Deeds.com site made is relatively simple to download a Beneficiary Deed form specific to St Louis, which is great, because neither the city or state provide this. Thanks!
Thank you for your feedback. We really appreciate it. Have a great day!
PEGGY D.
April 1st, 2022
Very easy to find what I needed. Really liked the instructions included with the forms and also the suggestion of other forms that I might need.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Kevin H.
August 6th, 2024
Quick and easy to find the forms I needed. And the download was easy.
Thank you for your feedback. We really appreciate it. Have a great day!
michael o.
July 17th, 2019
After trying to get help locally I found your website. Very easy
Thank you for your feedback. We really appreciate it. Have a great day!
Ida L.
June 9th, 2020
The form was easy to complete and print. Best price found online.
Thank you!
Kimberly G.
April 5th, 2021
It would be helpful if there were a specific example of putting a deed into a trust. Also, the limitation of characters on the description of the property was not enough.
Thank you for your feedback. We really appreciate it. Have a great day!
Bonnee G.
January 16th, 2020
Arrived at your site from my county's government site. Saw that all the forms I think I need were included in one package deal, hopefully its the correct package. I Although I've not looked into other aspects of the site, retrieving the forms was pretty easy. Thank you
Thank you for your feedback. We really appreciate it. Have a great day!
Griselle M.
February 9th, 2021
This is my third time using Deeds.com and they don't disappoint. Their customer service is outstanding - absolutely excellent - via messages, I communicated with them immediately and 24/7 - on weekends and at night. I would not even try another service as they provide excellence which is so rare these days.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Hilary C.
October 9th, 2020
Within 10 minutes I had my Deed!!! Fantastic!!!!
Thank you for your feedback. We really appreciate it. Have a great day!
Kimberly H.
March 27th, 2020
Very fast and easy to use!
Thank you Kimberly. Have a fantastic day.
Frank G B.
December 21st, 2019
site is very helpful and easy to use.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!