Assignment of Mortgage by Individual Mortgage Holder - Wisconsin 2026

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  1. Click ‘Get Form’ to open the Assignment of Mortgage in the editor.
  2. Begin by filling in the 'Name and Address of Assignor' section. Ensure that you provide accurate details as this identifies the current mortgage holder.
  3. Next, complete the 'Name and Address of Assignee' field. This is where you will enter the information for the new mortgage holder.
  4. In the 'FOR VALUE RECEIVED' section, confirm that you acknowledge receipt of value. Fill in your name as 'Assignor' and ensure your address is correct.
  5. Provide details about the mortgage being assigned, including 'Date of Mortgage', 'Executed by (Mortgagor(s))', and 'To and in favor of (Mortgagee)'.
  6. Fill in the recording information: 'Filed of Record', including Book, Page, Document/Inst. No., and County.
  7. Specify the property description as stated in the original mortgage document.
  8. Complete any financial details regarding the Promissory Note amount payable to Mortgagee.
  9. Finally, sign and date the document at the bottom. Ensure to have it notarized if required by state law.

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To do this, your lender must use an assignment of mortgage document. This document ensures the loan is legally transferred to the new owner. Its common for mortgage lenders to sell the mortgages to other lenders. Most lenders assign the mortgages they originate to other lenders or mortgage buyers.
A mortgage transfer involves reassigning an existing mortgage from the current holder to another party. This can be a strategic option for homeowners struggling with payments, provided their mortgage terms allow it.
In a mortgage assignment, your original lender or servicer transfers your mortgage account to another loan servicer. When this occurs, the original mortgagee or lenders interests go to the next lender. Even if your mortgage gets transferred or assigned, your mortgages terms should remain the same.
To complete the transfer of rights, the lender (assignor) records the assignment of the mortgage with the local registry office, specifying the new holder (assignee) of the mortgage.
Such transfers often happen when a lender sells the mortgage to another financial institution or when borrowers refinance their loans for better terms. Mortgage assignments are essential because they help lenders manage risk and liquidity while offering borrowers new options and potential benefits.
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An assignment of mortgage is the document that is the legal record of this transfer from one mortgagee to another. In a typical transaction, when the mortgagee sells the debt to another bank, an assignment is recorded, and the note is endorsed (signed over) to the new bank.
An assumable mortgage is a type of home financing arrangement where an outstanding mortgage and its terms are transferred from the current owner to the buyer. By assuming the previous owners remaining debt, the buyer can avoid obtaining their own mortgage, which may come with higher interest rates.

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