Modification Agreement

Loan Modification Agreement

The loan modification agreement is the legal document that is recorded when your loan modification has been completed. The agreement amends you prommisary note that is already recorded with your local county recorder.

This document covers:

Your current loan amount
Your new interest rate
Maturity Date
Monthly Payments
Place of Payment
Property Transfer
Compliance with Covenants

In most cases this document is signed with a notary public, but in some cases an attorney must be present. The sooner you get started on your loan modification, the faster you can start enjoying lower payments. Contact our office today for a free loan modification consultation.