The Mortgage Modification Form is essential documentation used when existing mortgage terms need to be altered due to various circumstances such as financial hardship, interest rate adjustments, or loan restructuring. This document type is commonly used throughout the United States and must comply with federal regulations including the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and state-specific mortgage lending laws. The form captures crucial modifications to original mortgage terms, including changes to interest rates, payment schedules, loan duration, or principal balance, while maintaining the validity of the original mortgage agreement. It's particularly relevant in situations involving loss mitigation, payment assistance programs, or when borrowers seek to avoid foreclosure through loan restructuring. The document must include specific disclosures and acknowledgments required by federal and state law, ensuring both lender and borrower interests are protected while documenting the agreed modifications.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of Lender and Borrower(s) with complete legal names and addresses
2. Background: Reference to original mortgage details including date, loan number, original principal amount, and property address
3. Definitions: Key terms used in the modification agreement including 'Original Mortgage', 'Modification', 'Modified Principal Balance', 'Modified Interest Rate', etc.
4. Loan Modification Terms: Specific changes being made to the original mortgage terms, including modified principal balance, interest rate, payment amount, and/or term length
5. Effective Date: The date when the modification becomes effective
6. Acknowledgment of Debt: Borrower's confirmation of the outstanding debt amount and agreement to pay according to modified terms
7. Continuation of Original Terms: Statement that all terms of the original mortgage remain in effect except as specifically modified
8. Representations and Warranties: Borrower's assertions regarding current financial situation, property occupancy, and understanding of modification terms
9. Signatures and Notarization: Execution section with signature blocks for all parties and notary acknowledgment
1. Payment History: Section detailing the borrower's payment history, typically included when the modification is due to past payment issues
2. Hardship Statement: Description of borrower's financial hardship justifying the modification, included when required by specific modification programs
3. Trial Period Compliance: Reference to completion of trial payment period, if applicable
4. Insurance and Escrow Provisions: Modified terms relating to insurance requirements or escrow accounts, if these are being changed
5. Fees and Costs: Details of any fees or costs associated with the modification, if any are being charged
6. Government Program Compliance: Additional terms required for compliance with specific government modification programs
1. Schedule A - Modified Payment Schedule: Detailed amortization schedule showing new payment amounts, dates, and allocation between principal and interest
2. Schedule B - Property Description: Legal description of the mortgaged property
3. Appendix 1 - Modification Terms Summary: Summary sheet comparing original and modified loan terms in a clear, tabular format
4. Appendix 2 - Required Disclosures: State and federal required disclosures based on modification terms
5. Appendix 3 - Supporting Documentation: List of documents reviewed and relied upon in approving the modification
Find the exact document you need
Change In Lease Terms Addendum To Residential Lease
A U.S. legal document that modifies specific terms of an existing residential lease agreement while maintaining all other original lease provisions.
Download
Modification Of Loan Agreement
A U.S.-governed document that modifies existing loan terms between lender and borrower, ensuring compliance with federal and state lending regulations.
Download
Mortgage Modification Form
A U.S.-compliant legal document that modifies existing mortgage terms between lender and borrower, subject to federal and state lending regulations.
Download
Booking Agent Contract
A U.S.-compliant legal agreement establishing the terms between a booking agent and their client, defining representation terms and commission structure.
Download
Trust Addendum Form
A U.S. legal document used to modify an existing trust agreement without revoking the original trust.
Download
Tenancy Addendum Template
A U.S.-compliant legal template used to modify existing lease agreements between landlords and tenants.
Download
Sublease Amendment
A U.S. legal document that modifies the terms of an existing sublease agreement while maintaining compliance with federal and state property laws.
Download
Service Contract Addendum Template
A U.S.-compliant template for modifying existing service agreements through formal addendum.
Download
Service Agreement Amendment Template
A U.S.-compliant template for modifying existing service agreements, designed to facilitate clear and legally sound amendments to service contracts.
Download
Separation Agreement Amendment Template
A U.S. legal document that modifies an existing separation agreement between an employer and former employee.
Download
Separation Agreement Addendum Template
A U.S. legal document that modifies an existing separation agreement between employer and employee, addressing changes to severance terms while maintaining compliance with federal and state employment laws.
Download
Second Amended And Restated Operating Agreement
A U.S. legal document that consolidates and updates the operating agreement of an LLC, incorporating previous amendments and current terms into a single, comprehensive agreement.
Download
Sales Contract Addendum Template
A U.S.-compliant template for modifying existing sales contracts while maintaining the validity of unchanged terms.
Download
Sales Addendum (Real Estate)
A U.S. legal document that modifies or supplements an existing real estate purchase agreement, subject to federal and state property laws.
Download
Restated Operating Agreement
A US-governed document that consolidates and updates an LLC's original operating agreement and subsequent amendments into a single, comprehensive agreement.
Download
Residential Lease Extension Amendment
A U.S. legal document that extends the term of an existing residential lease agreement while maintaining other original terms.
Download
Residential Lease Amendment Template
A U.S. legal document used to modify existing residential lease agreements while maintaining compliance with federal, state, and local housing laws.
Download
Residential Lease Amendment Form
A U.S. legal document used to modify existing residential lease terms while maintaining compliance with federal, state, and local housing laws.
Download
Residential Lease Amendment
A U.S. legal document that modifies specific terms of an existing residential lease agreement while maintaining other original terms.
Download
Residential Lease Addendum Form
A U.S. legal document that modifies or supplements an existing residential lease agreement, subject to federal and state housing laws.
Download
Residential Lease Addendum Extension
A U.S. legal document that extends an existing residential lease agreement while maintaining or modifying its original terms.
Download
Residential Lease Addendum
A U.S. legal document that modifies or supplements an existing residential lease agreement while maintaining compliance with federal, state, and local housing laws.
Download
Rental Lease Renewal Addendum
A U.S. legal document that extends and potentially modifies an existing rental lease agreement between landlord and tenant.
Download
Rental Lease Extension Addendum
A U.S. legal document that extends an existing rental lease agreement while maintaining or modifying original terms.
Download
Rental Lease Amendment
A U.S. legal document that modifies existing rental lease terms while maintaining compliance with federal, state, and local housing laws.
Download
Rental Lease Agreement Pet Addendum
A U.S. legal document that supplements a residential lease agreement by establishing terms and conditions for pet ownership in rental properties.
Download
Rental Lease Agreement Amendment
A U.S. legal document that modifies existing rental lease terms while maintaining compliance with federal and state housing laws.
Download
Rental Lease Agreement Addendum
A U.S. legal document that modifies an existing rental lease agreement while maintaining compliance with federal and state housing laws.
Download
Rental Lease Addendum Template
A U.S. legal document that modifies an existing rental lease agreement between landlord and tenant, subject to federal and state housing laws.
Download
Rental Lease Addendum Form
A U.S. legal document that modifies or supplements an existing rental lease agreement, subject to federal and state housing laws.
Download
Rental Lease Addendum
A U.S. legal document that modifies an existing residential lease agreement while maintaining compliance with federal and state housing laws.
Download
Rental Contract Amendment Template
A U.S.-compliant template for modifying existing rental agreements between landlords and tenants.
Download
Rental Contract Addendum
A U.S. legal document that modifies an existing rental agreement while maintaining compliance with federal and state housing laws.
Download
Rental Agreement Lease Addendum
A U.S. legal document that modifies an existing lease agreement while maintaining compliance with federal and state housing laws.
Download
Rent Modification Agreement
A U.S. legal document that modifies rent-related terms in an existing lease agreement while maintaining other lease conditions.
Download
Real Estate Sales Contract Addendum Form
A U.S. legal document that modifies or amends an existing real estate sales contract while maintaining compliance with federal and state laws.
Download
Real Estate Sales Contract Addendum
A U.S. legal document that modifies terms of an existing real estate sales contract while maintaining the original agreement's validity.
Download
Real Estate Purchase Contract Addendum
A U.S. legal document that modifies terms in an existing real estate purchase agreement while maintaining compliance with applicable laws.
Download
Real Estate Purchase Agreement Addendum Template
A U.S. legal document that modifies existing real estate purchase agreement terms while maintaining compliance with federal and state regulations.
Download
Real Estate Purchase Agreement Addendum
A U.S. legal document that modifies terms in an existing real estate purchase agreement while maintaining compliance with federal and state regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)