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Hello and welcome back to our video updates. Its Sade here. Todays video is going to discuss Assignments. And typically, an Assignment means that you assigned your rights and obligations to a different party. And those will be the rights and obligations under a specific contract. In this particular video Im going to use Mortgages as an example because a lot of homeowners, when they close on the purchase of real estate, they are surprised that the lenders have transferred their debt, have transferred their loan to a different lender so quickly. Sometimes they transfer the loan the same month in which you do the Closing, and sometimes theyll transfer that loan maybe a year or two later. But a lot of loans, youll notice, do exchange hands or transfer out several times during the life of that loan. So what exactly are the rights and obligations of the parties? What does an Assignment truly say you can or cannot do? All of those rights and obligations will be specified within each c