Home
Forms Library
Assignment of Mortgage by Individual Mortgage Holder - Louisiana

Assignment of Mortgage by Individual Mortgage Holder - Louisiana 2025

Assignment of Mortgage by Individual Mortgage Holder - Louisiana Preview on Page 1

See details

4.4 out of 5

30 votes

The document is an Assignment of Mortgage, where the Assignor transfers their interest in a specified mortgage to the Assignee for value received. It includes details such as the names and addresses of both parties, the mortgage date, mortgagor and mortgagee information, and legal acknowledgments. The document concludes with signatures from the Assignor, witnesses, and a notary public.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Assignment of Mortgage by Individual Mortgage Holder - Louisiana with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Assignment of Mortgage in the editor.
Begin by filling in the 'Prepared by and after Recording Return to' section. Enter your name, firm/company, address, city, state, zip code, and phone number.
Next, provide the Assessor’s Property Tax Parcel/Account Number if applicable.
In the 'Name and Address of Assignor' section, input the details of the individual transferring the mortgage. Similarly, fill in the 'Name and Address of Assignee' for the recipient.
Complete the mortgage details including Date of Mortgage, Mortgagor(s), Mortgagee information, and filing details such as Book and Page numbers.
Specify the property being mortgaged as described in the original mortgage document.
Indicate the amount secured by this assignment in dollars.
Finally, ensure that both Assignor and witnesses sign and date at the bottom. Include notary information as required.

Start using our platform today to streamline your document editing process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a mortgage be transferred to another person without?

Yes. If only one persons name is on the mortgage loan, the other can still be added to the home title after closing, making them a co-owner. Keep in mind that the person on the loan is the one whos legally responsible for making mortgage payments and dealing with credit consequences if they default.

Can you assign your mortgage to someone else?

The person taking over the loan will need to apply with your lender. Similar to applying for a new mortgage, the lender may check their credit, income, outstanding debts and employment.

Does it matter whose name is on the mortgage?

Even after a separation, its important that both you and your ex-partner continue to make your joint mortgage repayments until youve decided what to do. Regardless of whether youre both living at the property, youre still liable for the debt. When you have a joint mortgage, you become financially linked.

How to assign a mortgage?

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.

Can a mortgage be assigned to another person?

A transfer of a mortgage is the process of reassigning an existing home loan to another person or entity. The new borrower agrees to make all future payments at the original interest rate. The transfer typically eliminates any legal obligations the original borrower has to the loan.

What is the assignment clause in a mortgage?

This clause facilitates the secondary market for mortgages, enabling lenders to manage their portfolios and liquidity by transferring loans, and ensures that borrowers are aware that their loan obligations may be owed to a new party.

What does assignment mean on a mortgage?

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.

Assignment of Mortgage by Individual Mortgage Holder - Louisiana 2025

Here's how it works