Updates to Virginia Deed of Trusts

As part of updates made to the Uniform Instruments, Fannie Mae announced on February 1, 2023, that the model form for the Virginia Deed of Trust (Form 3047) was revised to remove the consideration amount and property value information from the first paragraph of the form above the “Definitions” Section on page one.  The language was previously added to the updated 07/2021 version of the Virginia Deed of Trust.  Fannie Mae and Freddie Mac posted a statement that the language was

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