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Vanessa, Other/Just Looking in 23860

what does it mean in layman terms the following statement in my modification agreement -?

Asked by Vanessa, 23860 Wed Feb 4, 2009

BY EXCUTING THIS MODIFICATION, YOU FORVERE IRREVOCALBY WAIVE AND RELINQUISH ANY CLAIMS, ACTIONS OR CAUSE OF ACTION, STATUTE OF LIMITATIONS OR OTHER DEFENSES, COUNTERCLAIMS OR SETOFFS OF ANY KIND WHICH EXIST AS OF THE DATE OF THIS MODIFICATION, WHETHER KNOWN OR UNKNOWN, WHICH YOU MAY NOW OR HEREAFTER ASSET IN CONNECTION WITH THE MAKIN, CLOSING, ADMINISTRATION, COLLECTION OR THE ENFORCEMENT BY OCWEN OFTHE LOAN DOCUMENTS, THIS MODIFICATION OR ANY OTHER RELATED AGREEMENTS

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6
I don't know, but it sounds pretty strong, I would ask my attorney.
1 vote Thank Flag Link Sat Feb 7, 2009
There are what I believe to be some misspellings in your quote, making reading this even harder. But, my interpretation ( this is not legal advise) is that they are saying if you later decide you are mad at them and want to sue them you will have given up that option. Of course, this is out of context, and the agreement should be reviewed by an attorney prior to your signing. I am sorry, I don't know any attorneys in your area. Best of luck.
0 votes Thank Flag Link Sun Feb 8, 2009
Vanessa, you can 'google' just about any line from what you wrote and find many links, blogs and articles regarding these docs. I wouldn't just follow any advice that is posted, that's something at attorney can guide you through, but you may find a better understanding of what they mean.
0 votes Thank Flag Link Sat Feb 7, 2009
Hi Vanessa,
Definately seek legal advice. You will want to fully understand this legal document. Good Luck to you.
Eunice Waller
Prudential Simpson & Associates
0 votes Thank Flag Link Sat Feb 7, 2009
This is strong wording and I would highly suggest you seek the advise of a real estate attorney to see why this paragraph is brought to your attention. - To me it sounds like a question that should be directed to a lender.

If you note where this was taken from maybe there is someone here that has legal background and can assist you better.

Good luck!

Daniele Summerfield,
Wilkinson & Associates
0 votes Thank Flag Link Wed Feb 4, 2009
I would contact an attorney to get the proper interpretation of that statement. As agents, we are not supposed to give any sort of legal advice or interpretations because of potential liability issues. Good luck.
0 votes Thank Flag Link Wed Feb 4, 2009
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