loan assignment

Why Is An Assignment Of Mortgage Needed?

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Why Is An Assignment Of Mortgage Needed? An assignment of mortgage is a document which indicates that a mortgage has been transferred from the original lender or borrower to a third party. … The new lender is required to send out a notification indicating that a sale took place and providing information about how to

What Is The Purpose Of An Assignment Of Mortgage?

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What Is The Purpose Of An Assignment Of Mortgage? An assignment of mortgage gives the loan seller’s rights under the mortgage, including the right to foreclose if the borrower doesn’t make payments, to the new owner of the loan. Why would a lender want to assign a mortgage loan? Many banks and mortgage lenders sell