Modification Agreement For Mortgage In Fulton

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

Description

The Modification Agreement for Mortgage in Fulton is a legal document that modifies an existing mortgage or deed of trust. This agreement ensures that the lender's lien remains valid and subsists against the property while outlining the borrower's obligations and the specific terms of revised debt repayment. Key features include the extension of the lien, amendment options to the security instrument, and detailed payment terms including interest rates and prepayment rights. Filling out the form requires identifying the borrower, co-grantor, and lender, along with recording relevant dates and loan amounts. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to facilitate mortgage modifications for clients, ensuring compliance with local laws and recording requirements. The document serves as a critical tool for managing liabilities associated with mortgage adjustments and clarifying the roles and responsibilities of all parties involved.