Back to Glossary
January 19, 2023
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.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?