The mortgage modification agreement is a legal document between a lender and borrower to change an existing loan's terms. 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.Payment Deferment – If you are one, two, or in some situations, three months behind in your payments, we may be able to defer your payment and extend your loan. Recommend that the San Diego Housing Commission approve the modification of St. Vincent de Paul's. If the borrower's application for a first lien loan modification is denied, the borrower gets at least 30 days from the date of the written denial to appeal. Our Irvine loan modification attorney and realtor at Lawyers Realty Group can help you determine if you qualify for this form of relief. The lender will require certain documents if you request a loan modification. Loan modification attorney, Diego G. Mendez, Esq. Opens a loan modification application and explains all the documents.