Deed Of Trust Modification With Wells Fargo In Hennepin

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

Description

The Deed of Trust Modification with Wells Fargo in Hennepin is a legal document specifically designed to modify the terms of an existing mortgage or deed of trust between a borrower and lender. This modification agreement is essential for borrowers seeking to adjust the terms of their existing loan, such as extending the maturity date or changing payment amounts. The form includes sections for detailed information such as the borrower and lender's names, property details, and the original terms of the security instrument. Key features include a renewal and extension of the loan lien, co-grantor liability provisions, and specific payment terms like interest rates and repayment schedules. Filling out this form requires attention to detail, such as providing accurate descriptions and timely execution to ensure legal efficacy. The form is particularly useful for attorneys, real estate partners, property owners, associates, paralegals, and legal assistants. They may utilize this document to facilitate loan modifications, ensuring compliance with legal standards and protecting the interests of all parties involved. Adhering to the precise instructions in this modification document is crucial for effective communication between lenders and borrowers, making it a vital tool in real estate and finance.