Previously undisclosed and shocking stipulations are included in a mortgage modification agreement received today from CITI Mortgage. In exchange for being granted the modification from CITI, the borrower is required to "absolutely and unconditionally" assign and transfer all leases of the property to the Lender (CITI), grant Lender the "right to modify, extend or terminate the existing leases...in Lender's sole discretion," and absolutely and unconditionally assign and transfer all rents and revenues." It further authorizes Lender or Lender's agents to collect the Rents and that each tenant shall pay the rents to the Lender/Lender's agents. Basically, CITI wants complete control of the cash flow/income of my small business in exchange for reducing the payment a bit, but adding on 25 years to the mortgage term! Is there any governmental agency even taking a brief look at what these mortgage modification agreements require of the borrower?!?! Talk about sticking it to the small business owner! ....Why the need to modify? I missed two consecutive payments almost 2 years ago, have made a payment every 30 days since, BUT still remain 2 months behind ALL while over $850 in late charges and delinquency expenses have accumulated and are added on to every month!