The Vermont Trustees Certificate of Approval of Mortgage Modification is a document that is issued by a state-approved Trustee to certify that a mortgage modification has been approved. This certificate is used to document the approval of a modification to an existing mortgage loan. The modification is usually done in order to make the loan more affordable for the borrower. The certificate is typically issued by a state-approved Trustee to certify that the mortgage modification has been approved by the lender and all other parties involved. It outlines the terms and conditions of the modification and is signed by the Trustee, the borrower, and the lender. The certificate is used to record the change in the terms of the mortgage loan and can be used as proof of the modification if there are any disputes or questions about it. There are two types of Vermont Trustees Certificate of Approval of Mortgage Modification: 1. Streamlined Modification: This type of mortgage modification is often used when the borrower is current on their loan payments. It typically involves a reduction in the interest rate and/or a reduction in the loan amount. 2. Traditional Modification: This type of modification is used when the borrower is behind on their loan payments. It typically involves a reduction in the interest rate, a more affordable repayment plan, and/or a reduction in the loan amount.