Considering buying this game and want to know what can be done with mods

Hello torchlight community,

I am looking for another modable game and wanted to ask if this game supports the following via mods:

  1. Non-cosmetic mods. For example, making a new spell or changing a character's HP.
  2. Custom 3D models. I already know my way around 3DSmax so all I'd need is an exporter for this game.
  3. Using mods without needing to upload them to a server first.

As an aside, does this game have COOP?

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