Deed Of Trust Modification With Partial Claim In King

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

Description

The Deed of Trust Modification with Partial Claim in King is a legal document that modifies an existing mortgage or deed of trust between a borrower and lender. This Modification Agreement allows for the renewal and extension of the lien securing the debt, ensuring the lender's rights remain intact. Key features of the form include the amendment of terms, co-grantor liability clauses, and detailed payment terms, including interest rates and conditions for late payments. It is designed for use when borrowers wish to make modifications to their existing loan agreements, especially in situations where they may need to secure additional funding or restructure payment schedules. Filling and editing instructions direct users to carefully complete essential sections such as the modification date, borrower information, and payment terms. It is crucial that users review all terms for compliance with state laws and regulations. This form is particularly useful for attorneys, paralegals, and legal assistants who assist clients in navigating mortgage modifications. Partners and owners involved in real estate transactions will also benefit from understanding this form's use, as it helps protect their interests in the property. Legal professionals can guide clients through the complexities of the modification process, ensuring that all necessary provisions are adhered to.