Assignment of Deed of Trust by Individual Mortgage Holder - North Carolina 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the 'Name' and 'Firm/Company' of the individual or entity preparing the document in the designated fields at the top.
  3. Fill in the 'Address', 'City, State, Zip', and 'Phone' number for both the Assignor and Assignee. Ensure accuracy as this information is crucial for legal identification.
  4. In the section labeled 'FOR VALUE RECEIVED', clearly state the names and addresses of both the Assignor and Assignee. This identifies who is transferring and receiving rights.
  5. Provide details about the Deed of Trust being assigned, including its date, original trustee, beneficiary, and where it was filed. This ensures clarity on what is being transferred.
  6. Complete any financial details such as the amount secured by the Promissory Note. This is essential for understanding obligations tied to this assignment.
  7. Finally, have the Assignor sign and date the document. A notary public must also acknowledge this signature to validate the assignment legally.

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An Assignment of Deed of Trust transfers the rights to a new owner to become the lender of record. This new lender gains the ability to: Foreclose on the property if the borrower defaults. Collect payments from the borrower.
Is North Carolina a Mortgage State or a Deed of Trust State? North Carolina is a Deed of Trust state.
Assignment of mortgage typically happens because, once you close on your mortgage loan, your lender will quickly sell the mortgage note to another entity. Doing so allows your mortgage provider to ensure future financial liquidity so that it can keep extending home loans to other borrowers.
Deeds of Trust. The Trustee can be a natural person or legal entity. There is no residency requirement.
A few states let lenders use both trust deeds and mortgages. Still, even in these states, your lender will choose which document youll have to sign.

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An assignment of mortgage transfers all the original mortgagees interest under the mortgage, including the lien and the right to foreclose if the borrower defaults, to the new bank. It is supposed to be recorded with the county to reflect who holds the mortgage interest.

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