Black's Law Dictionary defines a novation as: "Substitution of a new contract, debt or obligation for an existing one, between the same or different parties. The LMM program is designed to function as a forum for debtors in a pending chapter 13 case and creditors to reach a consensual resolution.THIS SECOND LOAN MODIFICATION AGREEMENT (the "Second. It's illegal to charge an upfront fee for foreclosure assistance or loan modification services in North Carolina. The mortgage modification agreement is a legal document between a lender and borrower to change an existing loan's terms. Step 2: Reach out to your lender. If you are facing a foreclosure situation in North Carolina, please fill out our confidential client intake form for legal assistance. Uploads can be done in the system when completing the request form). Complete a Books and. • Loan Modification Worksheet.