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ASSIGNMENT OF MORTGAGE RECORD WITH ATTACHED LEGAL DESCRIPTION & RETURN TO LENDER: For Value Received, the undersigned holder of a Mortgage (herein Assignor) whose address is ___, does hereby grant,

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What is assignment of mortgage?

An assignment of mortgage is a legal document that transfers the rights and obligations of the mortgage from the original lender (the assignor) to a new lender or entity (the assignee). This document is typically recorded with the county or local government office to ensure that the transfer is officially recognized.

Who is required to file assignment of mortgage?

The original lender, or assignor, is required to file the assignment of mortgage when transferring the mortgage rights to another party. The new lender, or assignee, may also be involved in the filing process.

How to fill out assignment of mortgage?

To fill out an assignment of mortgage, you will need to include the names and addresses of the assignor and assignee, details of the original mortgage (including the mortgage document number and property description), and signatures of the parties involved. It may also need to be notarized.

What is the purpose of assignment of mortgage?

The purpose of an assignment of mortgage is to formally transfer the rights to collect mortgage payments and enforce the security interest in the property from one lender to another. This process helps maintain clear ownership records in the event of foreclosure or other legal actions.

What information must be reported on assignment of mortgage?

The assignment of mortgage must report information including the names and addresses of the original lender and new lender, the original mortgage details (such as the mortgage amount, property description, and mortgage date), and any relevant identification numbers or recording information.

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