Deed Of Trust Modification Form With Two Points In Phoenix

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

Description

The Deed of Trust Modification Form with Two Points in Phoenix is a legal document designed to modify existing mortgage or deed of trust agreements. This form is crucial for borrowers and lenders who need to update the terms of a loan, whether to extend the maturity, change payment amounts, or adjust interest rates. Key features include renewal and extension of the lien, which allows the security instrument to remain valid until the debt is settled, and amendment provisions ensuring that existing terms stay in effect unless revised in this agreement. It is particularly useful in situations involving refinancing or restructuration of borrower's debt. The form requires details about the borrowers, co-grantors, and lenders, alongside specific financial terms such as principal amounts, interest rates, and payment schedules. Tailored for legal professionals, such as attorneys, paralegals, and legal assistants, it provides a straightforward approach for managing property financing modifications and ensures compliance with applicable laws. Its clarity and organization make it accessible to individuals with varying levels of legal expertise, streamlining the modification process.