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Why Is An Assignment Of Mortgage Needed?

January 24, 2024 by Juan Martinez

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

Is An Unrecorded Mortgage Valid?

January 24, 2024 by Ahmed Ali

Is An Unrecorded Mortgage Valid? Typically, state law provides that an unrecorded mortgage is enforceable between the mortgagor and mortgagee, but a bona fide purchaser without notice will be able to acquire the mortgaged property free and clear the mortgage. … Thus, under the facts of this case normally the trustee would be able to