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.
Modification Agreement For Mortgage In Michigan
State:
Multi-State
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
A mortgage modification changes the terms of your original mortgage agreement. Your lender will work with you to try and find a way to lower your monthly payment by adjusting the terms of your current mortgage. The goal is to help you get back on track.
More info
Receive modified terms of your mortgage to make it more affordable or manageable after successfully making the reduced payment during a "trial period" (i.e. To apply for a modification, you must contact your loan servicer.The process starts with filling out some forms. Fill out forms and collect supporting documents. Mortgage modification can help you through difficult times and keep your home. Learn more about our expanded mortgage modification services. A loan modification is the process of permanently changing your existing mortgage so it's easier to manage. Loan Terms: (please fill out all applicable fields). Existing. New. Step 2: Reach out to your lender. The mortgage modification agreement is a legal document between a lender and borrower to change an existing loan's terms.