Deed Of Trust Modification With Agreement In Contra Costa

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

Description

The Deed of Trust Modification Agreement is a crucial legal document in Contra Costa, used to modify existing mortgage or deed of trust arrangements between borrowers and lenders. This form allows borrowers to amend the terms of their debt, including the maturity date and interest rates, effectively extending the lien on the property. Key features include clear sections for borrower acknowledgment, amendment of security instruments, and co-grantor liability statement. Filling out this agreement requires precise information about the original security instrument, including its recorded details, and specification of payment terms. The form provides flexibility for borrowers to prepay the principal without penalties, ensuring they maintain financial control. This document is particularly useful for legal professionals such as attorneys and paralegals who assist clients in managing their loans, as well as owners and partners who need to navigate debt restructuring for property financing. It supports compliance with local regulations and ensures that both parties have a clear understanding of their rights and obligations in the modification process.