Assignment of Mortgage by Individual Mortgage Holder - Connecticut 2025

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  1. Click ‘Get Form’ to open the Assignment of Mortgage in the editor.
  2. 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.
  3. In the 'Assessor’s Property Tax Parcel/Account Number' field, input the relevant property tax information.
  4. Next, complete the 'Name and Address of Assignor' and 'Name and Address of Assignee' sections with accurate details.
  5. Fill in the mortgage details including the date of mortgage, names of mortgagor(s), mortgagee, and filing information such as book and page numbers.
  6. Specify the amount secured by the mortgage in the designated field.
  7. Sign and date the document where indicated. Ensure you have witnesses present for signing.
  8. Finally, complete the notary section to validate your assignment. Ensure all fields are filled accurately before saving or exporting your document.

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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.
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.
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.
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.
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.
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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.
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.

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