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LAND TITLESOFFICE OF REGULATORY SERVICES ACT Justice and Community Safety DirectorateTRANSFER BY MORTGAGEE UNDER POWER OF SALE Form 018 Island Titles Act 1925IMPORTANT INFORMATION This form is to
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How to fill out transfer by mortgagee

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How to fill out transfer by mortgagee

01
Obtain the necessary forms or documents from your mortgagee. This typically includes a transfer of mortgage form.
02
Fill out your personal information on the transfer of mortgage form. This may include your name, address, and contact information.
03
Provide details about the property being transferred. This may include the property address, legal description, and any outstanding mortgage balance.
04
Attach any supporting documents required by your mortgagee, such as proof of identity or proof of insurance.
05
Review the completed form for accuracy and completeness.
06
Sign the form and ensure all necessary signatures from other parties involved are obtained.
07
Submit the completed transfer of mortgage form to your mortgagee by mail or electronically, as per their instructions.
08
Follow up with your mortgagee to confirm receipt of the form and inquire about any additional steps or documentation required.
09
Pay any applicable fees associated with the mortgage transfer, if required.
10
Keep copies of all documents and communication related to the mortgage transfer for your records.

Who needs transfer by mortgagee?

01
Transfer by mortgagee is typically needed by individuals or entities who have a mortgage on a property and wish to transfer that mortgage to someone else. This could be done in cases where the property is being sold or transferred to a new owner. The transfer by mortgagee ensures that the new owner of the property assumes the existing mortgage and continues making payments on it.
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