Bronx New York Mortgage Extension Agreement with Assumption of Debt by New Owner of Real Property Covered by the Mortgage and Increase of Interest

State:
Multi-State
County:
Bronx
Control #:
US-01452BG
Format:
Word; 
Rich Text
Instant download

Description

An agreement modifying a loan agreement and mortgage should be signed by both parties to the transaction and recorded in the office of the register of deeds and mortgages where the original mortgage was recorded. Such a modification or extension is contractual in nature and must be supported by consideration. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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Bronx New York Mortgage Extension Agreement with Assumption of Debt by New Owner of Real Property Covered by the Mortgage and Increase of Interest