Waynesboro City Deed of Trust and Promissory Note Form (Virginia)
All Waynesboro 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 Waynesboro City compliant document last validated/updated 9/5/2024
Deed of Trust Guidelines
Line by line guide explaining every blank on the form.
Included Waynesboro City compliant document last validated/updated 9/20/2024
Completed Example of the Deed of Trust
Example of a properly completed form for reference.
Included Waynesboro City compliant document last validated/updated 9/23/2024
Promissory Note Form
Note that is secured by the Deed of Trust.
Included Waynesboro City compliant document last validated/updated 10/17/2024
Promissory Note Guidelines
Line by line guide explaining every blank on the form.
Included Waynesboro City compliant document last validated/updated 11/18/2024
Completed Example of the Promissory Note Document
Example of a properly completed form for reference.
Included Waynesboro City compliant document last validated/updated 10/4/2024
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 Waynesboro City compliant document last validated/updated 10/15/2024
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 Waynesboro City compliant document last validated/updated 6/4/2024
The following Virginia and Waynesboro City supplemental forms are included as a courtesy with your order:
When using these Deed of Trust and Promissory Note forms, the subject real estate must be physically located in Waynesboro City. The executed documents should then be recorded in the following office:
Waynesboro City Circuit Court Clerk
250 South Wayne Ave, Suite 202 / PO Box 910, Waynesboro, Virginia 22980-0910
Hours: 8:30 to 5:00 M-F
Phone: (540) 942-6616
Local jurisdictions located in Waynesboro City include:
- Waynesboro
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Waynesboro 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 provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Waynesboro City using our eRecording service.
Are these forms guaranteed to be recordable in Waynesboro City?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Waynesboro City including margin requirements, content requirements, font and font size requirements.
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 Waynesboro City that you need to transfer you would only need to order our forms once for all of your properties in Waynesboro City.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Virginia or Waynesboro 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.
What type of files are the forms?
All of our Waynesboro 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.
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.
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.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
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 Waynesboro 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 Waynesboro 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 - ( 4434 Reviews )
James S.
November 21st, 2024
Forms used, created quitclaim deed that the county accepted without a second look (turns out they see deeds.com forms regularly via erecording and in person). Will be back for any real estate related forms I need and they carry. Will always be my first stop. Also, will use erecording next time, mad I didn't see it this time.
Thanks for the kind words James, glad we could help. Look forward to seeing you again.
Thomas G.
November 21st, 2024
Wasn’t what I expected
Sorry to hear that your expectations were missed. Your order has been canceled. We do hope that you find something more suitable to your expectations elsewhere. Do keep in mind that purchasing legal forms should not be an exploratory endeavor.
Jimmy P.
November 20th, 2024
They sent me everything I would need to do this. Easy purchase -Easy download. Great!! I'll be back here for all my document needs.
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Richard H.
October 5th, 2022
Excellent service, very user friendly
Thank you!
Robert B.
March 4th, 2019
Found this sight on the internet looking for information to add my fiance' to the house deed. Looks like the right place to be. Looking forward to getting the forms I need.
Thank you!
Kenneth R.
May 26th, 2023
Easy to use and saves money.
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Ma Luisa R.
July 2nd, 2020
Great service and fast
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Tawnya B.
December 28th, 2018
The document I needed and easy instructions!
Thank you!
Kent B.
February 25th, 2019
Disappointed on most recent order. Format did not permit changing the "boilerplate" language to change "grantor" to "grantors". In so restricting, could not use pre-printed form to make a joint party conveyance.
Sorry to hear of your disappointment. We've canceled your order and payment for the warranty deed document. Have a wonderful day.
Catherine B.
June 12th, 2024
Wow absolutely amazing service. So quick and easy and makes what would be such a hassel a piece of cake. Outstanding value for money way cheaper than I expected. Will use again and highly recommend.
Your appreciative words mean the world to us. Thank you.
Joyce B.
July 25th, 2019
Very easy to purchase and download.
Thank you!
Beatrica G.
November 5th, 2019
Thanks for your service. I recieved my documents on time and package information as promise.
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Jason B.
May 9th, 2019
Providing .doc versions would be much easier than trying to jam information into a non-editable PDF.
Thank you for your feedback. We really appreciate it. Have a great day!
Stephen U.
December 5th, 2020
This is another great deal that has come out of the quarantine for covid. Saved me hours and days of time. and provides a way to file deeds that really isn't done effectively anyway else. It was also very inexpensive that you would not expect. I didn't even have to leave home.
Thank you for your feedback. We really appreciate it. Have a great day!
Marion Paul W.
January 31st, 2019
Quick service .Easy download.I ordered Quit
Claim and should have ordered warranty deed. I will make it work
Thank you!