This agreement shall inure to the benefit of and be binding upon the heirs, devisees, successors and assigns of the parties hereto. In this blog post, we will explore the intersection of foreclosure laws and loan modification denials in California, providing insights into why denials happen.This blog will guide you through each step of the loan modification process, from eligibility to what to expect after the decision. The modification of the current mortgage loan may result in a loss of priority. 1. The loss of priority could be a complete loss of priority to any junior lien. In Sacramento, call (916) 874-6334. 2. Determine What Type of Deed to Fill Out for Your Situation. I am currently in the trial period of a loan modification on my Mortgage.