Assignment
Updated 04/29/2024

An assignment of a mortgage is the act of transferring all of the original mortgagee’s interest held under their original loan or the deed of trust to a new bank. When the property is initially purchased, the mortgagor signs the deed of trust and it is recorded as part of the abstract title. Whenever the mortgage is subsequently transferred, each re-assignment is to be recorded in the county land records.

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