Deed Of Trust Modification Form For Mortgage In Collin

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Multi-State
• County: Collin
• Control #: US-00183
• Format: Word; Rich Text

Description

The Deed of Trust Modification Form for Mortgage in Collin is a legal document designed to modify existing mortgage agreements. This form outlines the changes made to the Security Instrument, which serves as the basis for the mortgage, ensuring that the lien remains valid and enforceable. Key features include provisions for renewing the lien, amendments to the Security Instrument, and co-grantor liabilities. The document also specifies payment terms, including principal, interest rates, and the schedule for monthly payments. Additionally, it details the borrower's right to prepay the loan, late payment penalties, and the responsibilities of all signatories involved. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle real estate transactions. They can aid clients in refinancing, adjusting loan terms, or involving co-grantors in mortgage agreements. Proper completion of this form ensures compliance with state regulations, protects the rights of all parties involved, and facilitates smooth transactions in mortgage modifications.