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2016 U.S. Legal Forms, Inc.MICHIGANASSIGNMENT OF MORTGAGE PACKAGEControl Number: MIP031PKGU. S. Legal Forms? Thank you for your purchase of a Specialty Forms Package. This package is an important
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How to fill out assignment of mortgage package

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How to fill out assignment of mortgage package

01
Obtain a blank assignment of mortgage form from your lender or the county recorder's office.
02
Fill in the borrower's name and address as it appears on the original mortgage document.
03
Include the lender's name and address.
04
Provide the mortgage document number or reference.
05
Indicate the date of the original mortgage.
06
State the amount of the original mortgage.
07
Sign and date the assignment of mortgage form.
08
Have the assignment of mortgage form notarized if required by your state.
09
Submit the completed assignment of mortgage form to the appropriate party, such as the lender or county recorder's office.

Who needs assignment of mortgage package?

01
Borrowers who want to transfer their mortgage to another party.
02
Lenders who want to assign their mortgage to another lender or investor.
03
Buyers who are purchasing a property with an existing mortgage and need to have the mortgage assignment in their name.

What is Assignment of Mortgage Package - Michigan Form?

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An assignment of mortgage package is a set of documents used to formally transfer the rights and obligations of a mortgage from one party to another, typically from a lender to another lender or a servicer.
The entity transferring the mortgage rights, usually the current mortgage holder or lender, is required to file the assignment of mortgage package.
To fill out the assignment of mortgage package, one must complete the required forms with accurate information about the original mortgage, the parties involved, the date of transfer, and any relevant legal descriptions. It's essential to ensure all information is clear and legible.
The purpose of an assignment of mortgage package is to officially document the transfer of mortgage rights, ensuring that the new holder of the mortgage is legally recognized and able to enforce the terms of the mortgage.
The information that must be reported includes the names of the assignor and assignee, the date of assignment, a description of the mortgage being assigned, and any relevant details about the loan account.
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