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IS MAILED, THE SELLER MAY RETAKE POSSESSION OF THE PROPERTY. You are provided with the following information in reference to this notice: (1) The default is: Failure to make timely payments. The delinquent amount is ______________________________ for the months of _____________________________ plus late fees of ___________________ for a total of ___________________. Other Default described as: ______________________________ _____________________________________________________ (2) In order...
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Quick guide on how to complete virginia general notice of default for contract for deed

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So if you're closing the cellar finance rEval estate dEval with the deed of there are three key documents that are there's the deed there's the promissory note and there's the deed of trust the deed is the document that essentially transfers ownership from the seller to the buyer and the note is like the legal instrument that just states all the terms of what the loan is the interest rate the loan amount the payments all that information and that the deed of trust is the document that actually gets recorded at the county level, and it acts as a lien on the property until that loan is paid in full so the deed and the deed of trust get recorded, but the promissory note does not and the way a deed of trust works is there are three parties involved there is the lender and there is the borrower and then there's a third party called a trustee and the trustee is usually designated as like a title company or an attorney or sometimes even a loan servicing company and this trustee is the person

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