Get the free Ohio Assignment of Mortgage by Corporate Mortgage Holder
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Prepared by and after Recording Return to:
Name:
Firm/Company:
Address:
Address 2:
City, State, Zip:
Phone:Assessors Property Tax Parcel/Account Number:))))))))))
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How to fill out ohio assignment of mortgage
How to fill out ohio assignment of mortgage
01
To fill out the Ohio Assignment of Mortgage, follow these steps:
02
Begin by providing the names of the assignor (current mortgage holder) and assignee (new mortgage holder) at the top of the document.
03
Include the effective date of the assignment. This is the date when the transfer of the mortgage rights will take place.
04
Specify the mortgage being assigned by including details such as the original mortgage date, original mortgagor's name, and property address.
05
Indicate the outstanding balance on the mortgage at the time of assignment. This figure should be accurately stated.
06
Include any additional terms or conditions related to the assignment, if applicable.
07
Both the assignor and assignee must sign the document in the presence of a notary public.
08
Make copies of the completed Ohio Assignment of Mortgage for all involved parties.
09
Submit the original document to the appropriate county recorder's office where the property is located for recording.
10
Please note that this is a general guideline for filling out the Ohio Assignment of Mortgage. It is advisable to consult with a legal professional or follow specific instructions provided by the county recorder's office for accurate and complete filing.
Who needs ohio assignment of mortgage?
01
The Ohio Assignment of Mortgage is needed when there is a transfer of mortgage rights from the current mortgage holder (assignor) to a new mortgage holder (assignee).
02
Common scenarios where the Ohio Assignment of Mortgage is required include:
03
- When a mortgage lender sells or transfers the mortgage to another financial institution.
04
- When an individual or entity assumes the responsibility of an existing mortgage through a process known as mortgage assumption.
05
- When a mortgage is refinanced and a new lender takes over the existing mortgage.
06
In these situations, the Ohio Assignment of Mortgage serves as a legal document that formalizes the transfer of rights and clearly identifies the new mortgage holder.
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