Assignment of Mortgage by Corporate Mortgage Holder - Alabama 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by' section with your name, firm/company, address, and contact information. This ensures that all parties can easily identify the document's origin.
  3. In the 'Name and Address of Assignor' section, enter the details of the current mortgage holder. Similarly, complete the 'Name and Address of Assignee' with the new mortgage holder's information.
  4. Specify the date of the original mortgage, along with details about the mortgagor(s) and mortgagee. Ensure accuracy as this information is crucial for legal validity.
  5. Fill in the property description as stated in the original mortgage document. This identifies which property is being assigned.
  6. Complete any financial details regarding the promissory note amount and ensure all obligations are clearly stated.
  7. Finally, have an authorized signatory from your entity sign and date the document. Include their title and capacity to validate authority.

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The initial lender or financial organization that gave the borrower the mortgage loan is often the assignor. Assignee: The assignee is the party receiving the mortgage assignment. This could be another lender or financial institution that is buying the mortgage, often as part of a financial transaction.
Therefore, for a transfer of a mortgagees interest to be effective, it is necessary to record an assignment of a mortgage in the land records. In the Real Property Article, deed of trust and mortgage are defined separately.

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