The phrase "agree to a modification" is correct and usable in written English.
You can use it when discussing changes or adjustments to an agreement, contract, or plan that all parties involved consent to.
Example: "After reviewing the proposed changes, we are ready to agree to a modification of the original contract."
Alternatives: "consent to a change" or "accept an amendment".
"So long as the United States of America shall not abandon the said naval station of Guantánamo or the two Governments shall not agree to a modification of its present limits, the station shall continue to have the territory it now has," the treaty said.
To salvage the loan from foreclosure, the bank could agree to a modification with the borrower where the bank would reduce the principal balance and require that the borrower later share some percentage of the property's value in proportion to the assistance provided.
The Palestinians agreed to a modification of what they wanted: an American-led fact-finding committee that will work in consultation with Mr. Annan.
Negotiations followed, however, and the union agreed to a modification of the Reserve Rule: players with six or more years of major league service could become free agents when their contracts expired and would be eligible to make their own deals.
When presented with these findings, Mr. Bedard said, most lenders and servicers quickly agree to a loan modification.
Ms. Sexton said that regardless of who owns her promissory note, she just wants to stay in her home and hopes that the bank will eventually agree to a loan modification.
Varoufakis's declared hope was that, before February 28th, the Eurogroup would agree to a "bridge" — a short-term renewal of loans, which would provide time to negotiate modifications to the program.
Dozens of people have sued lenders charging that their homes were foreclosed even after the lender agreed to a loan modification or repayment plan.
To settle a predatory lending case brought by 15 states attorneys general, Bank of America has agreed to an $8.4 billion modification program covering some 400,000 loans acquired when it took over Countrywide Financial in July.
Since then, Wells Fargo has agreed to postpone only two foreclosure auctions for Bernal neighbors and has not yet agreed to a fair deal loan modification for any of the home owners or renters facing eviction or foreclosure.
"The people with the least senior tranches have no reason to agree to the modification because they take a complete loss and the people in the most senior tranches don't lose anything.
