Adding land to an existing mortgage

Depending on the lender. Only the original lender can prepare documents to modify their current collateral. Per origination the collateral pledged for the note is insured by title or an attorneys opinion letter that property is free and clear of encumbrances and judgments. Also an appraisal is provided to the lender for value to support the collateral being pledged. Therefore, in modifying the original collateral does and can have risk factors that could lead to future ramification if the process is not handled correctly. The Modification Agreements are prepared by the originator or the title folks who are insuring over the said Modification Agreement or Revised Replacement Mortgage Deed that will supercede the original recorded mortgage deed. The title company or attorney will conduct a new search on the additional land prior to any documents being prepared. Also the originators will have a new appraisal to support the new collateral. Keep in mind even though its additional land, you don't know for a fact if the land being added as good value. Again this is a lender/broker option to revised their collateral.