Picture of Virginia Fixed Rate Note Picture of Virginia Fixed Rate Note

Virginia Fixed Rate Note

This template is a fixed rate Promissory Note signed by a borrower in connection with a loan secured by the borrower's property. The form is for loans in Virginia.

  • In addition to the Note, the borrower will execute a Deed of Trust, transferring the title deed to a trustee until the loan is repaid.
  • The borrower will make monthly payments on the outstanding balance of the loan.
  • If the borrower defaults in making the payments, the note holder has the right to accelerate the loan and demand repayment of the entire loan balance in 30 days.
  • The borrower also promises to pay the note holder's costs in enforcing the Note, including reasonable attorneys' fees.
  • The Virginia Fixed Rate Note is prepared in plain language so it is easy to understand.
Document Type: Microsoft Word
Last Updated: 15-December-2024
SKU: 1897
$6.29
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Picture of Virginia Contract for Deed

Virginia Contract for Deed

If you are selling a real estate property in Virginia, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).

  • Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
  • Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
  • The seller has the right to take back the property if the buyer defaults in payment.
  • At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
  • This is a MS Word template form and is fully editable to fit your exact circumstances.
  • Intended for use only in the Commonwealth of Virginia.
$17.99
Picture of Virginia Deed of Trust

Virginia Deed of Trust

Transfer title to a Virginia property from a seller to a trustee with this Virginia Deed of Trust.

  • A Deed of Trust is often used in place of a mortgage when purchasing real estate. It cannot be used for agricultural land.
  • Under the Deed of Trust, title is conveyed by the seller to a trustee instead of to the purchaser.
  • The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
  • If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
  • The Deed of Trust contains uniform covenants regarding payments, taxes and insurance, care and maintenance of the property, protection of the lender's security, and other standard clauses.
  • The debt secured by the Deed of Trust is subject to being called in full, or the terms being modified in the event of sale or conveyance of the property.
  • This Virginia Deed of Trust form is provided in MS Word format, and is fully editable to meet your needs.
$17.99