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Virginia Deed of Trust Form

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Virginia deed of trust transfers title of an owner’s property to a trustee as security for repayment to a beneficiary who financed the real estate purchase. The trustee’s role is to hold onto the title until the owner (grantor ) repays the debt, at which point they’ll transfer the title back. Under a deed of trust, the grantor agrees to the trustee’s power of sale; that is, the right to a “non-judicial foreclosure” if they default on payments. This type of foreclosure exempts the beneficiary from requiring the court’s approval to foreclose a property, a process that can take months to complete and may require additional legal fees.


Related Forms (1)

Virginia Promissory Note – Defines the terms of a loan’s repayment.

Download: PDFWord (.docx)OpenDocument