Williamsburg City Deed of Trust and Promissory Note Form (Virginia)
All Williamsburg City specific forms and documents listed below are included in your immediate download package:
Deed of Trust Form
![Williamsburg City Deed of Trust Form](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1684759521F89764_sample.png)
Fill in the blank form formatted to comply with all recording and content requirements.
Included Williamsburg City compliant document last validated/updated 4/30/2024
Deed of Trust Guidelines
![Williamsburg City Deed of Trust Guidelines](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1589904279F85795_sample.png)
Line by line guide explaining every blank on the form.
Included Williamsburg City compliant document last validated/updated 6/13/2024
Completed Example of the Deed of Trust
![Williamsburg City Completed Example of the Deed of Trust](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1589904342F21667_sample.png)
Example of a properly completed form for reference.
Included Williamsburg City compliant document last validated/updated 6/5/2024
Promissory Note Form
![Williamsburg City Promissory Note Form](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1684759551F69916_sample.png)
Note that is secured by the Deed of Trust.
Included Williamsburg City compliant document last validated/updated 5/2/2024
Promissory Note Guidelines
![Williamsburg City Promissory Note Guidelines](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1589904421F31677_sample.png)
Line by line guide explaining every blank on the form.
Included Williamsburg City compliant document last validated/updated 6/21/2024
Completed Example of the Promissory Note Document
![Williamsburg City Completed Example of the Promissory Note Document](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1613159093F61899_sample.png)
Example of a properly completed form for reference.
Included Williamsburg City compliant document last validated/updated 6/26/2024
Subordination Agreements
![Williamsburg City Subordination Agreements](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1684759702F48128_sample.png)
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 Williamsburg City compliant document last validated/updated 5/16/2024
Annual Accounting Statement
![Williamsburg City Annual Accounting Statement](https://www.deeds.com/forms/virginia/deed-of-trust-and-promissory-note/1589904856F59148_sample.png)
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 Williamsburg City compliant document last validated/updated 6/4/2024
The following Virginia and Williamsburg 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 Williamsburg City. The executed documents should then be recorded in the following office:
Williamsburg Circuit Court Clerk
5201 Monticello Ave, Suite 6, Williamsburg, Virginia 23188-8213
Hours: 8:30 to 4:30 M-F / Recording until 4:00
Phone: (757) 564-2242
Local jurisdictions located in Williamsburg City include:
- Williamsburg
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 Williamsburg 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 Williamsburg City using our eRecording service.
Are these forms guaranteed to be recordable in Williamsburg City?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Williamsburg 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 Williamsburg City that you need to transfer you would only need to order our forms once for all of your properties in Williamsburg City.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Virginia or Williamsburg 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 Williamsburg 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 Williamsburg 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 Williamsburg 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 - ( 4355 Reviews )
MARY LACEY M.
July 1st, 2024
The service provided by the staff at Deeds.com is consistently excellent with prompt replies and smooth recording transactions. I am grateful to have their service available as driving to downtown Phoenix to record documents is always a daunting prospect. Their assistance in recording our firm's documents has been 100% accurate and a pleasure.
Thank you for your positive words! We’re thrilled to hear about your experience.
Julie P.
June 30th, 2024
Quick & easy to use. Spoke a lawyer and saved hundreds by doing it myself.
Thank you for your feedback Julie, we appreciate you.
Caroline E.
June 28th, 2024
Very easy!
Thank you for your feedback. We really appreciate it. Have a great day!
Gary O.
March 11th, 2019
Easy to use,makes things easier,Thanks!
Great Idea!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Charlotte H.
July 16th, 2022
Easy to use and download. Everything we needed with a guide for accuracy.
Thank you!
Richard C.
January 2nd, 2020
There was not much info available but what you produced confirmed what I needed to know.
Thank you for your feedback. We really appreciate it. Have a great day!
Any S.
January 11th, 2019
I was looking for realty transfer or deed in the name of ***** **** and could never find the list of realty transfers.
Thank you for the feedback Any. We do not offer searches by name, only by property.
Brandi P.
December 9th, 2020
The service itself is great, but the deed sample I ordered wasn't as accurate as I'd hoped. I needed to correct and resubmit. Not a huge deal, but a bit of an inconvenience.
Thank you for your feedback. We really appreciate it. Have a great day!
Irma D.
June 14th, 2021
Very impressed with the Service in Miami-Dade County. THank you
Thank you!
AKILAH S.
March 14th, 2024
It was a little challenging and I had to call to speak to someone a few time but I got it done and and over with so I'm happy.
It was a pleasure serving you. Thank you for the positive feedback!
Sarah H.
December 11th, 2020
Very helpful and great price
Thank you!
ed d.
December 23rd, 2020
Fast efficient hassle free
Thank you for your feedback. We really appreciate it. Have a great day!
James W.
June 10th, 2019
It turned out that I was able to search for what I needed on the local county website, which is what your site suggested be tried. I was impressed with your honesty and practical instructions for searches your site gave. I'm pretty sure I'll be back.
Thank you for your feedback James. Glad to hear we were able to steer you in the right direction.
Matthew T.
September 9th, 2020
I am a litigator based in Lee County that rarely needs to record deeds or mortgages. However, at times, the settlement or resolution of a dispute results in the conveyance of real property. I ended up in a situation where a deed to real property in Bradford County needed to be recorded on behalf of a client. My usual e-recording vendor does not include that County. Registering with Bradford County's regular e-recording vendor would have required an expensive and unnecessary annual fee.
Deeds.com was easy to use, inexpensive and fast. I highly encourage its use, especially for lawyers that occasionally need to record instruments but do not do so regularly.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Thuc P.
July 20th, 2021
Fast and good service. Very details in instructions.
Thank you!