Putnam County Deed of Trust and Promissory Note Forms (West Virginia)

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Form Package

Deed of Trust and Promissory Note

State

West Virginia

Area

Putnam County

Price

$27.97

Delivery

Immediate Download

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Included Forms

All Putnam County specific forms and documents listed below are included in your immediate download package:

Deed of Trust Form

Deed of Trust Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 2/27/2024

Deed of Trust Guidelines

Deed of Trust Guidelines

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 7/11/2023

Completed Example of the Deed of Trust Document

Completed Example of the Deed of Trust Document

Example of a properly completed form for reference.
Included document last reviewed/updated 12/14/2023

Promissory Note Form

Promissory Note Form

Note that is secured by the Deed of Trust.
Included document last reviewed/updated 2/2/2024

Promissory Note Guidelines

Promissory Note Guidelines

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 8/23/2023

Completed Example of the Promissory Note Document

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

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 2/13/2024

Annual Accounting Statement

Annual Accounting Statement

Mail to borrower for fiscal year reporting.
Included document last reviewed/updated 2/13/2024

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 or Putnam County. 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?

After you submit payment you will see a page listing the Putnam County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.

What type of files are the forms?

All of our Putnam County 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 Putnam County that you need to transfer you would only need to order our forms once for all of your properties in Putnam County.

Are these forms guaranteed to be recordable in Putnam County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Putnam County 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:

  • Putnam County

Including:

  • Bancroft
  • Buffalo
  • Eleanor
  • Fraziers Bottom
  • Hometown
  • Hurricane
  • Liberty
  • Poca
  • Red House
  • Scott Depot
  • Teays
  • Winfield

What is the West Virginia Deed of Trust and Promissory Note

There are three parties in this Deed of Trust:
1- The Trustor (Borrower)
2- Beneficiary (Lender) and a
3- Trustee (Neutral Third Party)
Basic Concept. The Trustor (Borrower) conveys property title to a Trustee (Neutral Party). A Trustee or beneficiary/Lender can take action against any person for damages.
In West Virginia, a Deed of Trust (DOT) is the most commonly used instrument to secure a loan. If the DOT has a "Power of Sale" clause, foreclosure can be done non-judicially, saving time and expense, because the trustee doesn't require the court's involvement. This process is called a Trustee Sale. Explained in WV Statute 38-1-3. "Sales under trust deeds."

Proceeds of Trustee Sale: After deducting all costs, fees and expenses of Trustee and of this trust, including the cost of evidence of title in connection with the sale and reasonable attorney's fees, trustee shall apply the proceeds of sale to payment of all sums then secured hereby and all other sums due under the terms hereof, with accrued interest, and the remainder, if any, to the persons legally entitled thereto or as provided by W. VA. ARTICLE 1, 38-1-7.

(38-1-2. Form of deed of trust; memorandum of deed of trust may be recorded.) This Form is fully formatted for W.VA. recording requirements.

Promissory Note secured by Deed of Trust.
In general, the lender can charge 6% with no written contract and 8% with a written contract. Exceptions are made, see W. VA. Statute 47-6-5, "Legal rate of interest".

Terms:
A- Principle Owed and Maturity Date of Loan

B- Payments - Traditional Installment or installments with a Balloon Payment.

C- Late Payments: So much $ owed after X number of days, plus $ for each day after.

D- Default Rate: If payment is at least 30 days past due, then the principal balance shall bear interest at default rate of $$$.

E- Overdue Loan Fee: 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.

F- Default Terms: If any of the following events of default occur, this Note and any other obligations of the Borrower to the Lender, shall become due immediately, without demand or notice:
1) the failure of the Borrower to pay the principal and any accrued interest when due;
2) the filing of bankruptcy proceedings involving the Borrower as a debtor;
3) the application for the appointment of a receiver for the Borrower;
4) the making of a general assignment for the benefit of the Borrower's creditors;
5) the insolvency of the Borrower;
6) a misrepresentation by the Borrower to the Lender for the purpose of obtaining or extending credit.
7) In addition, the Borrower shall be in default if there is a sale, transfer, assignment, or any other disposition of any real estate pledged as collateral for the payment of this Note, or if there is a default in any security agreement which secures this Note.

G- Venue: If legal action is required, Lender provides the County of such actions.

This package can be used for financing of residential property, a condominium, a small office building and rental property (up to 4 units). A Promissory Note secured by a Deed of Trust with strong default terms can be beneficial to the Lender. This form has terms and conditions defined by W. VA. Statutes, for use in W. VA only.

(West Virginia DOT Package includes forms, guidelines, and completed examples)

Our Promise

The documents you receive here will meet, or exceed, the Putnam County 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 Putnam County 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 (4287 Reviews)

Viviana Hansen M.

March 3rd, 2024

I was thrilled that I could execute the paperwork for a lady bird deed here in Florida ! \r\nThank you

Reply from Staff

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Allison M.

February 28th, 2024

Completely painless process! Great customer service! Thank you for everything!

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Kay Y.

February 27th, 2024

Fast and easy service.

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Heleena C.

January 4th, 2021

The free additional forms that came with the form I ordered were invaluable as well. Worth every penny!

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Cheryl S.

April 30th, 2021

quick response

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Ron M.

December 2nd, 2020

The download of forms, etc. was easy and the guides that were provided were good, but more information would have been nice as to where to find tax map #, parcel #, and district mentioned in Exemptions from Property Transfer Fees (and Declaration of Consideration or Value.
In general, I was quite pleased with your product.

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Joseph K.

June 12th, 2020

Your responsiveness is outstanding. I appreciate the guidance and consistent support. Thank you.

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william h.

September 26th, 2022

got what I needed.

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Jay W.

February 7th, 2019

your service is more than I expected easy to navigate, great info, easy to understand. other other sites every time you go to next page there is something to buy to get the info you want.
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Terrance S.

April 6th, 2020

I'd say 5 stars. Thank you.

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Gladys F.

September 21st, 2020

The process was very friendly and easy to use. I appreciated the status updates as well as clear instructions on what was needed to get the file ready for recording.

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December 1st, 2020

Website is very informative and user friendly!

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Melody P.

April 13th, 2021

Thank you for always providing great service!

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Stephen K.

April 1st, 2023

this 5-star rating is well-deserved.

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Vickie G.

January 14th, 2019

The form and instruction were perfect. Thank you.

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