Private Loan and Mortgage Drafting
If you are lending someone money to purchase a home or allowing a purchaser of your home to pay you back over a long period of time, then we can help prepare legally binding notes and mortgage documents to protect your loan and ensure your interest in the property for the loan amount.
How it works - A mortgage, the more commonly known term, is comprised of a note, which is basically a contract, and a deed of trust, which is a legal document recorded at the courthouse. For someone giving a loan out to have the right to foreclose on someone, the deed of trust has to be recorded.
When you hit the add to cart button, the site will generate a form for you to fill in the details of the loan you would like to make. Once it’s submitted, we will prepare a draft for review by email. You’ll have the opportunity to make revisions to the note and deed of trust, up to a total of three redrafts. Any additional redrafts after that will be covered by an hourly rate. This does not include any recording fees or transfer taxes to record the mortgage.
Important Disclosure - When you checkout, your credit card will be charged. We will reach out to you by email to discuss your request. If for whatever reason your request is not something we can complete, you will be refunded minus any third-party credit card processing charges. If you have any questions, you can reach out to Charles@Huang-PLLC.com to discuss your request first. We cover only transactions taking place in Virginia.