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Assignment of Mortgage without Covenant Individual or Corporation (single sheet)Consult your lawyer before signing this instrument this instrument should be used by lawyers only. Know that, assignor, in
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How to fill out alabama assignment of mortgage

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How to fill out alabama assignment of mortgage

01
Obtain a copy of the Alabama assignment of mortgage form.
02
Fill in the name of the assignor (current mortgage holder) and assignee (new mortgage holder).
03
Include the date of the original mortgage, the book and page number of the recorded mortgage, and the legal description of the property.
04
Have the assignment of mortgage signed and notarized by the assignor.
05
File the completed assignment of mortgage with the appropriate county recording office.

Who needs alabama assignment of mortgage?

01
Anyone who is transferring or assigning their interest in a mortgage on a property in Alabama.

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The Alabama assignment of mortgage is a legal document used to transfer the rights and obligations of a mortgage from one party to another. It serves to formally document the assignment of the mortgage from the original lender to a new lender or financial institution.
The party that is assigning the mortgage, usually the original lender or mortgagee, is required to file the Alabama assignment of mortgage with the appropriate county probate court to ensure public record of the transfer.
To fill out an Alabama assignment of mortgage, include the names of the assignor and assignee, the address of the property, the original mortgage details (such as date and amount), and sign the document in front of a notary public before filing it.
The purpose of the Alabama assignment of mortgage is to legally document the transfer of mortgage rights and responsibilities so that the new lender can enforce the mortgage if necessary and facilitate the transfer of ownership or servicing of the loan.
The Alabama assignment of mortgage must report the names of the original lender and new lender, the legal description of the property, the date of the original mortgage, and any relevant details about the mortgage terms being assigned.
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