This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Loan Modification Agreement Example In Los Angeles
State:
Multi-State
County:
Los Angeles
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
To write a simple contract, title it clearly, identify all parties and specify terms (services or payments). Include an offer, acceptance, consideration, and intent. Add a signature and date for enforceability. Written contracts reduce disputes and offer better legal security than verbal ones.
More info
The mortgage modification agreement is a legal document between a lender and borrower to change an existing loan's terms. Regulatory Agreement, HCD Assignment, the HCD Modification and any other document evidencing, securing, guaranteeing or otherwise relating to the HCD Loan.The guarantors should be required to participate in any negotiations with the borrower relative to a potential modification agreement. XXVI. A loan modification agreement is a legal contract between a borrower and a lender where alterations are made due to the borrower's inability to repay that loan. The Modification Agreement defines the changes to the home loan. Contact a Mortgage Servicer. Contact your mortgage servicer's "loss mitigation" or "loan modification" division. Loan Modifications - Do You Qualify? Explained By a Los Angeles real estate attorney. An Example of Loan Modification in Chapter 13 Bankruptcy.