MEMORANDUM OF TRIAL MODIFICATION
attn: NAME OF DEBT COLLECTOR I appreciate your offer of a trial modification of my security agreement with NAME OF FINANCIAL INSTITUTION I am unable to execute this offer as presented today because: 1) I require disclosure of the terms of the new loan commitmnet, including a) Unpaid Principal Balance; b) Term in Months; c) Period Interest Rate; d) Amortization schedule; e) Name of Lender. 2) I require the presence of a principal or an authorized agent to execute this new loan commitment, simultaneously with myself, in my home; 3) NAME OF DEBT COLLECTOR is unable to act as trustee or mortgage servicer, as NAME OF DEBT COLLECTOR is named as party to three or more adversary actions in federal court. [SCHEDULE ATTACHED] I am opening an escrow account today DATE and depositing $$$$$$ per month on to serve as guaranty of my commitment to an acceptable new loan between our two parties. On execution of satisfactory agreement before ninety days, the funds will be released and applied immediately to the unpaid principal balance. VERY TRULY YOURS, /s/ ____________________________ DATE ________________
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AuthorDave McCrae is a retired engineer now settled in Oatmeal, Texas. I trained as a nuclear physicist and for a brief time was able to hold positions operating a small cyclotron, a large computer (CDC-6400 BITD) and as a medical researcher. After a weekend in Cleveland, and learning to weld, I left academia and joined Clan MacRae, constructing large buildings, setting complex machinery, devising manufacturing processes, and operating deepwater submersibles. I had too much fun, and made too much money. The cyclotron was kind of quaint, punch card computers are pretty much extinct, and we still have issues with cancer. Archives
November 2018
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