This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Modification Agreement For Mortgage In Fulton
State:
Multi-State
County:
Fulton
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
A mortgage modification changes the terms of your original mortgage agreement. Your lender will work with you to try and find a way to lower your monthly payment by adjusting the terms of your current mortgage. The goal is to help you get back on track.
If we do not receive your minimum monthly payment by your monthly due date, we will contact you to provide a reminder. In ance with your promissory note you have a 10 day grace period before any fees are assessed.
At the end of the forbearance, the lender communicates with you to determine if you can go back to making regular mortgage payments.
For general inquires, call 1.800.FULTON.4 (1.800.385.8664). You will be guided to answer new authentication questions to access account balance and activity details.
"Depending on the modification programs available, a borrower would typically apply for a modification by submitting an application detailing their financial situation and hardship as well as documenting their sources of income."
"Depending on the modification programs available, a borrower would typically apply for a modification by submitting an application detailing their financial situation and hardship as well as documenting their sources of income."