South Carolina Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date

State:
Multi-State
Control #:
US-01367BG
Format:
Word; 
Rich Text
Instant download

Description

An agreement modifying a loan agreement and mortgage should be signed by both parties to the transaction and recorded in the office of the register of deeds and mortgages where the original mortgage was recorded. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Preview Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date
  • Preview Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date
  • Preview Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date

How to fill out Agreement To Modify Promissory Note And Mortgage To Extend Maturity Date?

Finding the right legal document format can be a struggle. Naturally, there are plenty of web templates available online, but how can you obtain the legal type you will need? Make use of the US Legal Forms site. The service provides a large number of web templates, such as the South Carolina Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date, which you can use for enterprise and personal needs. All of the forms are checked out by pros and meet up with federal and state requirements.

Should you be currently signed up, log in in your profile and click on the Download switch to have the South Carolina Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date. Make use of profile to check through the legal forms you might have acquired in the past. Proceed to the My Forms tab of your profile and acquire yet another duplicate of your document you will need.

Should you be a whole new end user of US Legal Forms, allow me to share basic instructions so that you can follow:

  • Very first, be sure you have selected the correct type for your area/region. You may examine the shape utilizing the Preview switch and look at the shape description to make certain it will be the right one for you.
  • In case the type fails to meet up with your requirements, make use of the Seach field to get the proper type.
  • Once you are sure that the shape is proper, click on the Buy now switch to have the type.
  • Select the costs prepare you want and enter in the needed details. Create your profile and pay for your order utilizing your PayPal profile or credit card.
  • Select the data file format and obtain the legal document format in your device.
  • Complete, revise and print and indication the received South Carolina Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date.

US Legal Forms is the largest library of legal forms where you can find various document web templates. Make use of the service to obtain professionally-made files that follow state requirements.

Form popularity

FAQ

If you lend money to someone and the borrower later wants more time to pay, or lower monthly payments, you can use this form to make changes to the original promissory note.

If you lend money to someone and the borrower later wants more time to pay, or lower monthly payments, you can use this form to make changes to the original promissory note.

A "loan modification" is a written agreement that permanently changes the promissory note's original terms to make the borrower's mortgage payments more affordable. A modification typically lowers the interest rate and extends the loan's term.

A promissory note will include the agreed-upon terms between the two parties, such as the maturity date, principal, interest, and issuer's signature.

For example, if a borrower has problems paying back their loan, or if the lender is asking for less time to repay it, the borrower can request an extension of their promissory notes.

The borrower will then review and sign the document, thus making the Promissory Note legally binding and enforceable. Depending on the agreement, the lender may wish to have the document signed before a witness or notary public.

What is a Mortgage Modification Agreement? The mortgage modification agreement is a legal document between a lender and borrower to change an existing loan's terms. A typical modification may include reducing the interest rate, extending the repayment term, lowering monthly payments, or even forgiving part of the debt.

Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. It's a legal lending document that says the borrower promises to repay to the lender a certain amount of money in a certain time frame. This kind of document is legally enforceable and creates a legal obligation to repay the loan.

Trusted and secure by over 3 million people of the world’s leading companies

South Carolina Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date