Deed Of Trust Records With Mortgage In Texas

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

Description

The Deed of Trust Modification Agreement is a vital instrument in Texas that modifies an existing mortgage or deed of trust to secure a debt as defined within the document. This form is particularly essential for professionals involved in real estate transactions, including attorneys, paralegals, and legal assistants, as it outlines the necessary legal adjustments to the terms of an existing loan. Key features of this document include the renewal and extension of lien, which ensures that the modifications maintain the security interests associated with the original note. Users must accurately complete sections detailing the borrower's obligations, payment terms, and conditions of default. Furthermore, the form provides the framework for co-grantors, clarifying their roles and liabilities, which can be useful in partnership scenarios. Specific use cases include refinancing agreements, adjustments to interest terms, and restructuring payment plans. Filling out this form requires careful attention to detail regarding personal information and property descriptions, with space designated for notary acknowledgment to validate the modifications legally. This ensures compliance with Minnesota's legal requirements for real estate transactions.